Washington DC + Maryland + Industrial | August 14, 2023

Prologis Buys Lanham Warehouses for $200M, Part of $3.1B Portfolio

Prologis Inc. has acquired an industrial warehouse cluster in Lanham, Maryland, part of a larger deal with Blackstone-affiliated real estate funds, as reported by Washington Business Journal.

The approximately 712,000 square feet of warehouses were purchased for $199.4 million as part of a $3.1 billion, 14 million-square-foot industrial portfolio acquisition.

The Lanham warehouses are situated on over 60 acres east of New Carrollton and the Capital Beltway’s interchange at U.S. Route 50. This acquisition aligns with Prologis’ growth strategy and its focus on the “Essentials” tenant services platform. The Lanham site offers potential for expansion.

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

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