Prologis Inc. PLD 1.08% is nearing an agreement to buy logistics provider DCT DCT 0.82% Industrial Trust Inc. in a deal that could be valued at about $8 billion or more, according to people familiar with the matter.
Terms of the talks couldn't be learned, but the two sides could announce a deal as soon as Sunday, the people said. DCT has a market value of nearly $6 billion.
The company, based in Denver, is an industrial real-estate investment trust with a specialization in logistics.
Prologis, a big logistics provider based in San Francisco, has a market value of $36 billion.
Prologis is the world’s largest owner of distribution centers and logistics properties, a market that has been changing rapidly as e-commerce fulfillment needs have drawn more investment into the field and warehouse development in the U.S., Europe and Asia has boomed.
Write to Dana Mattioli at dana.mattioli@wsj.com