Prologis Acquires Industrial Complex In Lanham, MD From Blackstone For $199.4M

Prologis (PLD) has acquired an industrial complex in Lanham, MD as part of a $3.1 billion industrial portfolio purchased from Blackstone (BX). The complex, located at 4400, 4450 & 4600 Hargrove Drive & 9300 Martin Luther King Jr Highway, was sold for a total price of $199,400,000.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $199,400,000
• Buyer: Prologis
• Seller: Blackstone
• Date: 08/14/2023
• Address: 4400, 4450 & 4600 Hargrove Drive & 9300 Martin Luther King Jr Highway, Lanham, MD

In this deal, Prologis has acquired the industrial complex in Lanham, MD from Blackstone. The acquisition is part of Prologis' larger purchase of a $3.1 billion industrial portfolio from Blackstone. The complex is strategically located at the addresses 4400, 4450 & 4600 Hargrove Drive & 9300 Martin Luther King Jr Highway in Lanham and has a transaction value of $199,400,000.