Prologis, the world’s largest industrial real estate company specializing in supply chain logistics, has acquired a 24,500 square feet industrial property at 80 Hancock Street in Lodi, NJ for $5.55 million. The acquisition is part of Prologis’ plan to retain the property as an industrial investment. Additionally, Prologis sold 65 Industrial Road – encompassing 197,000 square feet on seven acres – in 2020.
CBRE represented Prologis during negotiations with a team of Elli Klapper; Jeremy Wernick; Mark Silverman; Charles Berger; Kevin Dudley; Nick Klacik and Chad Hillyer who have been retained as exclusive leasing agents for the property.
This latest acquisition by Prologis further cements their position as one of the leading players within global supply chain logistics and real estate investments markets today.
