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Prologis is buying Duke Realty in an all-stock transaction valued at $26 billion, including the assumption of debt, the companies said

Written by daryn | Jun 15, 2022 7:58:33 AM

The deal marks the largest commercial real estate sale since the start of the pandemic, according to real estate analytics firm Green Street, and is the latest in a string of blockbuster acquisitions in the sector. Warehouses and distribution centers have been a particularly hot property type—especially during the pandemic—because consumer shopping habits have been shifting online.