Norges Bank Real Estate Management and Prologis, Inc. acquired 2.8 million square feet six logistics properties in Chicago, Nashville and Orlando from Prologis, Inc. and J.P. Morgan Asset Management, Inc.

Norges Bank Real Estate Management and Prologis, Inc. (NYSE:PLD) acquired 2.8 million square feet six logistics properties in Chicago, Nashville and Orlando from Prologis, Inc. (NYSE:PLD) and J.P. Morgan Asset Management, Inc. on December 21, 2018. Norges Bank Real Estate Management paid $87.7 million dollars for its 45% interest. The transaction does not involve any financing.

Norges Bank Real Estate Management and Prologis, Inc. (NYSE:PLD) completed the acquisition of 2.8 Million Square Feet Six Logistics Properties in Chicago, Nashville and Orlando from Prologis, Inc. (NYSE:PLD) and J.P. Morgan Asset Management, Inc. on December 21, 2018.