Prologis Inc. has inked a deal to buy a portfolio of 5.4 million square feet of logistics and retail properties from New Jersey developer The Morris Cos. for $820 million, the San Francisco-based real estate investment trust announced Wednesday.

For Prologis, the deal follows a series of industrial purchases over the past year but is markedly larger than the company’s recent acquisitions.

Prologis is picking up eight logistics properties that have a combined 3.2 million square feet of space as well as 2.2 million square feet of retail space spread across 13 properties.

Morris is represented by Bart Mellits of Ballard Spahr.


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