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Back to Deal Flow
IndustrialClosedacquisition

Logistics Hub Dallas

Irving, TX·Feb 25, 2026, 1:40 PM

Deal Size

$112.0M

Cap Rate

Est. 4.20%

$/SF

$93

Size

1.2M SF

Occupancy

—

Market Signal

Acquisition expands Prologis' logistics cluster in the Dallas-Fort Worth area.

Buyer Strategy

Prologis is executing a strategy to consolidate and strengthen its existing logistics cluster in the critical DFW market.

Seller Motivation

STAG Industrial is likely rebalancing its portfolio by selling a large asset to a major competitor.

Market Signal

The transaction confirms DFW as a top-tier market for institutional investment in large-scale industrial logistics assets.

Parties
BuyerPrologis →
Seller

STAG Industrial

Broker

JLL

Location Analysis
Primary Market
Logistics and DistributionE-commerceManufacturing

Dallas-Fort Worth is a major logistics hub driven by population growth and its central location for distribution across the US.

Competes with other large-scale, modern distribution centers in the DFW industrial market, particularly in the Mid-Cities/Irving area.

DFW industrial market has significant ongoing development, but demand remains high for well-located, large-format logistics facilities.

Rent Growth

Rent growth in DFW industrial is expected to remain strong due to sustained demand for last-mile and regional distribution space.

Risk Factors

The acquisition is part of a consolidation strategy, which may involve future disposition of non-core assets within the expanded cluster.

Medium

Prologis is a sophisticated operator known for optimizing logistics footprints post-acquisition.

Executive Signals

“Together, we're expanding that success in Europe—combining long-term capital with our operating platform to scale high-quality logistics assets across key markets.”

Ted Eliopoulos·Prologis·bullish

“Despite a 15% rise in capex due to supply chain issues, we achieved a 97.1% occupancy rate and an 8.2% increase in rental rates year-over-year.”

Hamid Moghadam·Prologis·bullish

“This joint venture with GIC builds on that momentum by pairing our platform and development expertise with a partner that shares our long-term perspective.”

Dan Letter·Prologis·bullish

“This joint venture with GIC builds on that momentum by pairing our platform and development expertise with a partner that shares our long-term perspective.”

Dan Letter·Prologis·bullish

“Build-to-suit activity continues to be one of the clearest signals of customer conviction across our business.”

Dan Letter·Prologis·bullish
Market Comparables

19-asset

Dallas · Industrial · disposition

$68.4M5.20% cap

Chisolm 20

Dallas-Fort Worth · Industrial · acquisition

$61.0M4.20% cap

Chisolm 20

Dallas-Fort Worth · Industrial · acquisition

$61.0M4.20% cap

Dallas

Dallas-Fort Worth · Industrial · acquisition

$180.0M6.20% cap

Two multi-tenant business parks

Fort Worth · Industrial · acquisition

$35.0M2.00% cap
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