Mayer Brown represented Prologis, Inc. in the $3.99 billion acquisition of Industrial Property Trust Inc. (IPT).
The deal with IPT includes an operating portfolio of 236 properties and expands Prologis’ position in Southern California, the San Francisco Bay Area, Chicago, Atlanta, Dallas, Seattle and New Jersey.
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets.
Industrial Property Trust Inc. is a Maryland corporation formed on August 28, 2012 to make investments in income-producing real estate assets consisting primarily of high-quality distribution warehouses and other industrial properties that are leased to creditworthy corporate customers.
Morgan Stanley & Co LLC and Eastdil Secured LLC acted as financial advisers to IPT, Hogan Lovells and Mayer Brown served as the legal adviser.
The Mayer Brown team was led by Corporate & Securities partners David Malinger (Picture), Andrew Noreuil and Michael Hermsen and Tax Transactions & Consulting partner Jeff Bruns and included: Tax Transactions & Consulting – partner James Barry and associate Christopher Odell; Employment & Benefits – partner Debra Hoffman; and Corporate & Securities – associates Ryan Ferris, Laura McKenzie, Raoul Atadero, Allison Andrew and Stephanie Coirin.
Involved fees earner: David Malinger – Greenberg Traurig; Allison Andrew – Mayer & Brown; Raoul Atadero – Mayer & Brown; James Barry – Mayer & Brown; Jeff Bruns – Mayer & Brown; Stephanie Coirin – Mayer & Brown; Ryan Ferris – Mayer & Brown; Michael Hermsen – Mayer & Brown; Debra Hoffman – Mayer & Brown; Laura McKenzie – Mayer & Brown; Andrew Noreuil – Mayer & Brown; Christopher Odell – Mayer & Brown;