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AMB, ProLogis confirm merger talks

Developers say they are "in discussions regarding a potential merger of equals."

Mark Solomon
By Mark SolomonJan 27, 2011
Mark Solomon
Mark Solomon joined DC VELOCITY as senior editor in August 2008, and was promoted to his current position on January 1, 2015. He has spent more than 30 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. He graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
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AMB Property Corp. and ProLogis, two of the nation's largest industrial property developers and managers, are in merger talks, the companies said yesterday.

In virtually identical statements, Denver-based ProLogis and San Francisco-based AMB said they were "in discussions regarding a potential merger of equals" that would culminate in an all-stock transaction. Both declined further comment.

ProLogis owns and operates 435 million square feet of industrial property. As of Sept. 30, AMB owned or had invested in 158.4 million square feet of industrial property.

The contemplated merger is the first salvo in what is expected to be a multiyear consolidation phase among industrial property developers and managers.

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prologismarch 2011amb property corp.

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