SAN FRANCISCO—Those who follow @GlobeStcom on Twitter and@GlobeStLIVE may have seen a post teasing the announcement, butGlobeSt.com has learned that Prologis Inc. hasclosed on the sale of a 7.5-million-square-foot industrialportfolio to TPG Capital. It's the second time theindustrial REIT has traded assets to Dallas-based TPG, although thefirst time the transaction has occurred strictly within theindustrial sector.

Deal terms were not disclosed. A quarterly industrial marketreport from JLL cites a purchase price of $375million, or about $54 per square foot, for the 59-asset deal, butPrologis did not respond to GlobeSt.com's requests for comment bydeadline early Wednesday afternoon.

The portfolio spans nine markets, including Columbus, OH;Chicago; Cincinnati; Dallas; Denver; El Paso, TX; Los Angeles;Portland, OR; and Seattle. Prologis did not identify the assets byaddress or size; industry data cite a seven-property portfolio ofspecific properties in suburbs of Denver, Los Angeles, Portland andSeattle, ranging in size from 100,000 square feet for a RexamBeverage Can facility in Kent, WA to 281,456 square feet for aproperty in Redondo Beach, CA.