„ Prologis is making a play for a huge industrial site in the South Bronx.
The warehouse REIT is in late-stage talks to buy the former News Corp. printing plant in Port Morris, sources familiar with the negotiations told The Real Deal.
The roughly 400,000-square-foot facility sits on 16 acres, about the size of the World Trade Center site. The purchase price wasn’t immediately clear, but a person familiar with the talks said Prologis plans to spend more than $600 million to acquire and develop the property.
A representative for Prologis did not immediately respond to a request for comment.“