SAN FRANCISCO (July 15, 2019) – Prologis, Inc. (NYSE: PLD), the global leader in logistics real estate, reported results for the second quarter of 2019 and announced that, subsequent to quarter end, it has signed a definitive merger agreement to acquire Industrial Property Trust Inc. (IPT). 

Prologis Inc., the global leader in logistics real estate, today announced that it has signed a build-to-suit agreement with the SMCP Group, a high-end fashion brand that owns the French labels Sandro, Maje, Claudie Pierlot and Sandro Homme. By the end of the year, SMCP will occupy 30,000 square meters of the 37,000 square meter facility at Prologis Park Marly.

Prologis was ranked the top U.S. company and sixth overall among the 2019 Global 100 Most Sustainable Corporations in the World.