Prologis to Buy KTR for $5.9 Billion

April 20, 2015 1:07 AM

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Prologis Inc., a big owner of warehouses and distribution centers, agreed to buy industrial-property owner KTR Capital Partners for $5.9 billion, in one of the largest real-estate deals so far this year.

Prologis said in a statement that it would buy closely held KTR, which owns about 70 million square feet of real estate, concentrated largely in California, New Jersey, Chicago, South Florida and Texas. The statement confirmed an earlier report from The Wall Street Journal.

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