Duke Realty also owns the former Mitsubishi property in Cypress that was renovated to become an Amazon last-mile facility.
The new Los Alamitos property will be added to a rapidly-expanding Southern California portfolio that includes:
All this acquisition and development activity comes in the midst of a merger with Prologis:
The merger must still be approved by shareholders of both companies.
According to Duke Realty, “Duke Realty is a leading owner, developer, and manager of logistics and industrial properties. Our projects across the country include state-of-the-art bulk warehouses and modern, efficient distribution centers.”