Prologis completed its $61.8 million warehouse acquisition spree in Broward County by purchasing a sixth building.
The industrial REIT (NYSE: PLD)’s Prologis 3659 SW 30th Avenue LLC affiliate paid $11.36 million to Port 95-3 for a 99,468-square-foot building at the same address in Hollywood. The seller is managed by Charles M. Kelsey III in Pembroke Pines. John Hancock Life Insurance Co. financed the deal with a $5.24 million loan.
The warehouse was constructed on the 5.6-acre site in 1997. The…
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