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Prologis Wraps Up $13 Billion Purchase of Liberty Property Trust

Merger and Acquisition of Pennsylvania Logistics Firm Is Prologis' Second Huge Buy of 2020
649 Omega Parkway in Shepherdsville, Kentucky, is part of a portfolio purchased by Prologis from Black Creek Group. (CoStar)
649 Omega Parkway in Shepherdsville, Kentucky, is part of a portfolio purchased by Prologis from Black Creek Group. (CoStar)
CoStar News
February 4, 2020 | 10:05 P.M.

Global logistics giant Prologis completed the all-stock $13 billion merger and acquisition of Liberty Property Trust, a Malvern, Pennsylvania-based REIT, in one of the largest industrial real estate transactions on record, expanding Prologis' presence in key logistics hubs in Pennsylvania, Chicago, Houston, New Jersey and Southern California.

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