Prologis to Buy KTR Capital for $5.9 Billion
Deal would see Prologis assume about $750 million in debt
Prologis agreed late last week to buy closely held KTR, which owns 70 million square feet of real estate concentrated largely in California, New Jersey, Chicago, South Florida and Texas, people familiar with the matter said. As part of the deal, to be announced as early as Sunday, Prologis will assume about $750 million in debt, these people said.