web analytics

Prologis Offers to Buy Duke Realty in Nearly $24 Billion Deal

Prologis Inc., the world’s largest owner of warehouse space, said it offered to buy Duke Realty Corp. in a nearly $24 billion deal, a vote of confidence in the e-commerce business at a time when investors are getting nervous about its growth.

Prologis controls a 1 billion square foot global network of warehouses and distribution centers, including facilities used by retail and logistics companies such as Amazon.com Inc., Home Depot Inc. and FedEx Corp.