The Blackstone Group L.P. (NYSE:BX) and Prologis, Inc. (NYSE:PLD) agreed to acquire a portfolio of 17 million square feet of warehouses, which is owned in 80% by Lehman Brothers Holdings, Inc., for approximately $960 million, reported Reuters citing two people with knowledge of agreement. Blackstone and Prologis will probably complete the acquisition in the third quarter of 2013, according to one of the people, who asked not to be named because the transaction isn’t public. According to the people, Blackstone plans to operate about 9.5 million square feet of the warehouses and distribution centers in Reno, Nevada and Prologis will take over the remainder of the properties, which are located mostly in Pennsylvania and Las Vegas. Kim Snyder, president of the southwest region for Prologis, and Kimberly Macleod, a spokeswoman for Lehman, declined to comment on the deal. Peter Rose, a Blackstone spokesman, didn’t immediately respond to a request for comment.

Prologis, Inc. announced that Guy F. Jaquier, CEO, Private Capital, Prologis, will retire from the company in 2013, following the transition of his responsibilities. Upon his retirement, Jaquier will continue as a member of the company's Investment Committee. Additionally, as part of a previously planned transition, Nancy J. Hemmenway, chief human resources officer, will retire from Prologis on Dec. 31, 2013. Diana Scott will join the company as chief human resources officer on June 24, 2013. Scott was most recently senior vice president, Human Resources, for John Hancock Financial. She was responsible for all Human Resources activities for John Hancock's employees located in the United States and Canada. Scott has also held a variety of line positions within John Hancock, including leading the Group Insurance division, Retail Long-Term Care Insurance operations, and John Hancock's eBusiness unit.

Prologis, Inc. (NYSE:PLD) and Norges Bank Investment Management are in talks to buy a £275 million sheds portfolio from LondonMetric Property Plc (LSE:LMP). The sheds are owned in a joint venture between LondonMetric and Green Park Investments. Jones Lang LaSalle is representing Prologis and Norges. Dowley Turner Real Estate is representing LondonMetric.