A Note on Broker Relationships
We understand the value of long-standing relationships — loyalty to a broker who helped sell or lease a building is real and we respect it. But Prologis' NJ portfolio isn't a collection of one-off deals. A significant portion of these assets came through corporate acquisitions — when Prologis acquired AMB, Catellus, and other platforms, entire portfolios transferred overnight. Those buildings inherited agency relationships that were never competitively chosen for the Prologis mandate. With 41 buildings carrying no broker at all and another 146 assigned but sitting occupied, the question worth asking is: when these come back to market, is the right team already in place — or is there an opening for a firm with zero conflicting mandates and a track record of outperforming the submarket?
Source: Prologis NJ Portfolio records, May 2026. DOM from dateOnMarket to May 1, 2026.