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Prologis announced plans for a roughly 1 million square foot logistics development in the Chicago area, part of continued expansion in industrial warehouse space to serve e-commerce and distribution demand. Separately, Longpoint completed the purchase of a $195 million industrial portfolio in Miami-Dade County, adding to its holdings in South Florida's logistics real estate market. The two transactions reflect ongoing investor interest in industrial and logistics properties, a sector that has remained relatively resilient amid broader commercial real estate headwinds. Neither deal was described as unusual in scale, but both underscore steady capital deployment into warehouse and distribution assets.
Show Chicago on the mapSources:Yahoo Finance