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Prologis buys Queens, NY, warehouse for $21M

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Prologis buys Queens, NY, warehouse for $21M

Industrial real estate investment trust Prologis Inc. acquired a two-story industrial warehouse in the Queens, N.Y., submarket from Willowen Management Corp. for $21 million, GlobeSt.com reported.

The industrial warehouse and distribution facility spans 110,000 square feet at 24 Woodward Ave. Newmark Knight Frank arranged the transaction.