PHILADELPHIA, October 28, 2019: Morgan Lewis represented Liberty Property Trust in the company’s definitive merger agreement with Prologis Inc. Under the terms of the agreement, Prologis will acquire Liberty Property Trust in a stock-for-stock transaction valued at approximately $12.6 billion.
Prologis is a leader in logistics real estate with a focus on high-barrier, high-growth markets. The company owns and/or has investments in properties and development projects expected to total approximately 797 million square feet in 19 countries.
Liberty Property Trust serves real estate customers in the United States and United Kingdom through the development, acquisition, ownership, and management of superior logistics, warehouse, manufacturing, and research and development facilities in key markets. Liberty's 112-million-square-foot operating portfolio provides productive work environments to 1,200 tenants.
The Morgan Lewis team advising Liberty Property Trust was led by Justin Chairman, Richard Aldridge, and Andrew Mariniello and included Mims Maynard Zabriskie, Paul Gordon, and Veronica DiCamillo.