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Prologis To Acquire Duke Realty in $26 Billion All-Stock Deal

Purchase Comes Amid Industrial Demand Despite Capital Market Volatility, Amazon Slowdown

Amazon is the sole tenant at Duke Realty’s 1.1 million-square-foot 33 Logistics Park 1610 in Easton, Pennsylvania. (Basel Almisshal/CoStar)
Amazon is the sole tenant at Duke Realty’s 1.1 million-square-foot 33 Logistics Park 1610 in Easton, Pennsylvania. (Basel Almisshal/CoStar)

Real estate investment trust Prologis said it will buy smaller rival Duke Realty in a $26 billion deal, following months of Duke giving Prologis a cold shoulder about combining.

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