Prologis
Prologis is a company founded in 1971 by Howard Schultz, Gordon Bowker, Jerry Baldwin, Zev Siegl and Hamid Moghadam.
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Edits on 28 Dec, 2023
Golden Au
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Founded Date
January 1, 1983
March 30, 1971
Number of Employees (Ranges)
1,001 – 5,000
B2X
0
Founded Date
1971
0Number of Employees (Ranges)
10,001+0
Edits on 24 May, 2023
Golden AI
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Wellfound ID
starbucks-coffee-company
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Дмитрий Гаращук
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Timeline
April 2021
Company acquired the Hilltop Mall in Richmond, California for $117 million. "The purchase of the 78-acre site marks the beginning of Prologis' efforts to pursue a mixed-use development that includes residential and retail as well as the modern logistics facilities that are the company's specialty."
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Дмитрий Гаращук
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Article
Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in warehouses. The company was formed through the merger of AMB Property Corporation and ProLogis in June 2011, which made Prologis the largest industrial real estate company in the world. As of December 31, 2020, the company owned 4,703 buildings comprising 984 million square feet in 19 countries in North America, Latin America, Europe, and Asia. According to The Economist, its business strategy is focused on warehouses that are located close to huge urban areas where land is scarce. It serves over 5,000 tenants. Prologis created a venture capital arm in 2016.
Infobox
Date incorporated
1985
Instagram
Owner of
Pinterest
B2X
CIK number
829,224
Competitors
Country
DUNS Number
155366107
Former CEO
Founded date
March 30, 1971
Full address
2401 Utah Avenue South Seattle, WA 98134 United States
Glassdoor ID
2202
Headquarters
Investors
IRS number
911,325,671
Latest funding round date
October 2018
Latest funding type
Legal classification
Location
Number of Employees (ranges)
1,000 – 4,999
Number of employees
238,000
Place of incorporation
SIC code
5,810
Stock exchange
Stock symbol
SBUX
Total funding amount (USD)
900,000,000
Wikidata ID
Q37158
Timeline
February 2020
The company completed the $4 billion acquisition of Industrial Property Trust. The company also acquired a development site in Miami Dade for $9 million. At that point, The Economist noted that Prologis' business strategy was focused on warehouses that are located close to huge urban areas where land is scarce.
2020
Prologis began releasing a series of special reports on the industrial impact of the COVID-19 pandemic in early 2020, noting that an increase an e-commerce would likely result in companies increasing their inventories, in turn increasing the demand for warehousing.
January 2020
It completed the $13 billion acquisition of Liberty Property Trust
November 2019
Company acquired land in Polk County, Florida for $10 million for a warehouse to be leased to Amazon.com.
August 2018
The company completed the $8.5 billion acquisition of DCT Industrial Trust. It sold the last of its holdings in Memphis, Tennessee, and acquired the Pepsi bottling plant near the Mount Baker station in Seattle for $65 million in September of that year.
November 2017
The company sold a 12-building business park in Fremont, California for $72 million.
December 2016
Prologis received two 2016 Eurobuild CEE Awards.
March 2016
Prologis formed its venture capital arm in March 2016.
2016
The company acquired 40 acres in Denver, and sold an 800,000 square foot distribution center in Etna Township, Licking County, Ohio leased to Amazon.com for $89 million
October 2015
Prologis acquired Morris Realty Associates' portfolio of logistics and retail properties in the United States for $820 million. Prologis sold the retail asset portion of this portfolio to an affiliate of The Blackstone Group for $374 million.
June 2015
Prologis partnered with Norges Bank Investment Management to buy KTR Capital Partners for $5.9 billion, expanding Prologis' real estate portfolio in the United States through the Prologis U.S. Logistics Venture.
April 2015
With corporate headquarters remaining in San Francisco, in April 2015 Prologis announced a plan to move offices from east Denver, Colorado, to a new building in downtown Denver in 2017.
March 2015
The company acquired an 18-acre development site in La Vergne, Tennessee for $2.35 million.
2014
The company acquired a 117,600 square foot warehouse in Hanover, Maryland for $8.65 million. and two industrial buildings in Charlotte, North Carolina for $17.5 million. The company also completed the corporate spin-off of FIBRA Prologis, the company's Mexican affiliate also known as Prologis Property Mexico SA, raising about 7 billion pesos ($541 million). Prologis sold a 59-property portfolio to TPG for $375 million
2014
Prologis owned 2,853 properties, with the bulk in North America and around 600 in Europe and Asia.
November 2013
Prologis announced plans to spend "as much as $600 million a year to develop warehouses in Japan," its biggest market after the United States, where it had customers such as Amazon.com and Nippon Express.
August 2013
In partnership with The Blackstone Group the company acquired a 17 million square foot portfolio for $960 million from Lehman Brothers. In the fourth quarter of 2013, the company sold 3 warehouses in Tempe, Arizona for $22 million, and acquired a 1.8 million square foot portfolio in Nashville, Tennessee.
February 14, 2013
Nippon Prologis REIT, Inc. (NPR), a Japanese real estate investment trust formed by Prologis, successfully completed an IPO on the Tokyo Stock Exchange. In March 2013, Prologis formed the Prologis European Logistics Partners Sarl joint venture with Norges Bank Investment Management for US$3.1 billion.
February 2012
Company sold a 3.5 million square foot portfolio in the United Kingdom to The Blackstone Group for $335 million. The company sold the 10 buildings in Memphis, Tennessee in June 2012. In November 2012, the company sold a 1.98 million square portfolio in Minneapolis–Saint Paul for $96.6 million.
August 2011
Company sold a 378,298-square-foot industrial property in Grove City, Ohio for $12.4 million. The company also acquired a warehouse in Tolleson, Arizona for $9.95 million.
March 2011
Prior to the merger with ProLogis, AMB Property formed a €470 million joint venture with Allianz Real Estate.
January 2011
AMB Property Corporation agreed to buy the larger ProLogis for $8.7 billion, with the new entity named Prologis. The companies announced that the new Prologis would be based in San Francisco, AMB's hometown, but would maintain an office in Denver, Colorado, where ProLogis was based. Completed in June 2011, the merger was one of the biggest real-estate deals since the Great Recession, and it created the largest industrial real estate company in the world. With total market value estimated at $24 billion, the new Prologis had around $46 billion in assets under management and logistics and distribution facilities in North America, Europe, Asia and South America.
Edits on 10 Jun, 2021
Aleksander Holm
Edits on 7 Jun, 2021
Aime Anne Nisay
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Company status
Active
Facebook
Twitter
Timeline
February 22, 2021
Prologis Completescompletes $2.0 Billion of Financingfinancing Activityactivity
Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the closing of approximately $2.0 billion of senior unsecured notes.
Prologis Announces Redemption of 3.375% Notes due 2024...
Aime Anne Nisay
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Prologis
Aime Anne Nisay
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Timeline (+1 events) (+256 characters)
Timeline
February 22, 2021
Prologis Completes $2.0 Billion of Financing Activity
Inc. (NYSE: PLD), the global leader in logistics real estate, today announced the closing of approximately $2.0 billion of senior unsecured notes.
Prologis Announces Redemption of 3.375% Notes due 2024...
Edits on 29 Mar, 2021
Golden AI
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Magnus Stensmo
Edits on 30 Nov, 2020
Golden AI
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Founded date
January 1, 1983
Website
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