{"id":1004747820,"date":"2025-02-19T11:10:36","date_gmt":"2025-02-19T19:10:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004747820"},"modified":"2025-02-20T01:52:32","modified_gmt":"2025-02-20T09:52:32","slug":"moghadam-to-step-down-as-prologis-ceo","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/moghadam-to-step-down-as-prologis-ceo\/","title":{"rendered":"Moghadam to Step Down as Prologis CEO"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Hamid-Moghadam-Industrial.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"620\" data-attachment-id=\"1004299001\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cpes-2018-industrial-property-executive-of-the-year\/hamid-moghadam-industrial\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Hamid-Moghadam-Industrial.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Hamid Moghadam-Industrial\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Prologis CEO Hamid Moghadam (Image courtesy of Prologis)&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Hamid-Moghadam-Industrial.jpg?w=800\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Hamid-Moghadam-Industrial.jpg?w=800\" alt=\"Hamid Moghadam\" class=\"wp-image-1004299001\" style=\"width:425px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Hamid-Moghadam-Industrial.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Hamid-Moghadam-Industrial.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Hamid-Moghadam-Industrial.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><figcaption class=\"wp-element-caption\">Prologis CEO Hamid Moghadam. <em>Image courtesy of Prologis<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Hamid Moghadam, who has led Prologis through its extraordinary growth as an industrial real estate investor and developer, will retire as the company&#8217;s CEO at the end of this year, the REIT said on Wednesday. He will then assume the role of executive chairman.<\/p>\n\n\n\n<p>Moghadam will be succeeded by Dan Letter, the Prologis&#8217; president and a 21-year company veteran. <\/p>\n\n\n\n<p>Moghadam&#8217;s departure as CEO follows a four-decade run at Prologis and its predecessor, AMB Property Corp., which he co-founded 42 years ago in San Francisco. His career has been characterized by a series of landmark moves, starting with the company&#8217;s initial IPO in 1997.<\/p>\n\n\n\n<p>Enterprise-level deals have been a hallmark of his leadership. The biggest by dollar value was Prologis&#8217; $23 billion <a href=\"https:\/\/www.commercialsearch.com\/news\/prologis-completes-26b-acquisition-of-duke-realty\/\">acquisition<\/a> of Duke Realty. Completed in 2022, that acquisition added a 142 million-square-foot investment, development and management portfolio to Prologis&#8217; footprint and included assets in 19 markets.<\/p>\n\n\n\n<p>That followed the deal struck in 2019 for <a href=\"https:\/\/www.commercialsearch.com\/news\/prologis-to-acquire-liberty-property-trust-for-12-6b\/\">Liberty Property Trust<\/a>. Highlights included the acquisition of a 107 million-square-foot operating portfolio and an expanded footprint in such markets as Chicago, Houston, Southern California, New Jersey and central Pennsylvania.<\/p>\n\n\n\n<p>Yet another such acquisition unfolded in 2018, when Prologis bought DCT Industrial Trust for $8.4 billion, adding 71 million square feet to its operating portfolio. Such moves made Moghadam a frequent winner of CPE&#8217;s Industrial Property Executive of the Year award.<\/p>\n\n\n\n<p>Letter, Prologis&#8217; next CEO, started at AMB as a development manager in 2004. Since then, he has served in a variety of roles before becoming company president, including president of the U.S, central region and global head of capital deployment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The REIT&#8217;s president, Dan Letter, will take the helm in 2026.<\/p>\n","protected":false},"author":445,"featured_media":1004299001,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,21742],"tags":[],"class_list":["post-1004747820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Moghadam to Step Down as Prologis CEO - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Hamid Moghadam, who has led Prologis through its growth as an industrial real estate investor and developer, will retire at the end of 2025.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/moghadam-to-step-down-as-prologis-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moghadam to Step Down as Prologis CEO\" \/>\n<meta property=\"og:description\" content=\"Hamid Moghadam, who has led Prologis through its growth as an industrial real estate investor and developer, will retire at the end of 2025.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/moghadam-to-step-down-as-prologis-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-19T19:10:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-20T09:52:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/02\/Hamid-Moghadam-Industrial.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Rosta\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/moghadam-to-step-down-as-prologis-ceo\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/moghadam-to-step-down-as-prologis-ceo\/\",\"name\":\"Moghadam to Step Down as Prologis CEO - 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