North Texas industrial properties included in $375M deal

NORTH TEXAS – Prologis Inc. has closed on a $375 million sale of a 7.5 million-sf industrial portfolio to TPG Capital. Prologis sold a package of 59 U.S. warehouse properties to the Dallas-based investment firm, with a dozen of them located in North Texas.

The portfolio spans nine markets, with properties in Columbus, Chicago, Cincinnati, Dallas, Denver, El Paso, Los Angeles, Portland and Seattle.

Prologis did not identify the assets by address or size, but Dallas County deed records show that the buildings are located in the Pinnacle Park development west of downtown, in Farmers Branch, Carrollton, Addison and Richardson.