Stonepeak, a prominent alternative investment firm focusing on infrastructure and real assets, has acquired two logistics assets totaling 1.1 million square feet in Fort Worth, Texas. This strategic acquisition comes from institutional investors advised by J.P. Morgan Asset Management. Located in the Alliance submarket of Dallas-Fort Worth, these assets benefit from robust transport infrastructure and proximity to important logistics nodes like Class I rail lines, the BNSF Alliance intermodal terminal, and the Fort Worth Alliance cargo airport. The region’s population of over 8 million further enhances the assets’ logistics advantages. Phill Solomond, Senior Managing Director and Head of Real Estate at Stonepeak, highlighted the strategic fit of these assets in their portfolio, emphasizing their key role in supply chains. The acquisition underscores Stonepeak’s thematic investment approach in real estate assets showcasing infrastructure characteristics. Stonepeak’s real estate portfolio already includes significant logistics assets in Chicago and previously in South Carolina. Simpson Thacher & Bartlett LLP and Jones Lang LaSalle served as legal and financial advisors, respectively. Stonepeak manages approximately $71.2 billion in assets, with a diversified focus on sectors including communications, energy, transport, and logistics.
Real Estate, Transportation & Logistics, Investment Management,United States, Texas
Stonepeak Acquires 1.1 Million Square Foot Logistics Portfolio in Fort Worth, Texas