Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has acquired two logistics assets totaling 748,000 square feet in Fort Worth, the company announced on Tuesday.
The properties are located in AllianceTexas anchored by two Class I rail lines, the BNSF Alliance intermodal terminal and the Perot Field Fort Worth Alliance Airport.
“We are excited to add these assets to our growing portfolio and to expand our footprint in DFW,” said Phill Solomond, senior managing director and head of real estate at Stonepeak. “We believe that high-quality real estate adjacent to transport infrastructure will continue to outperform given its mission-critical role in local and national supply chains.”
The acquisition builds on Stonepeak’s growing logistics portfolio. Since April 2024, the firm has acquired 7.7 million square feet of transport-anchored assets in key submarkets across Dallas-Fort Worth, Houston, Jacksonville, and Chicago.
Stonepeak’s real estate team focuses on assets with infrastructure-like qualities across supply chain, residential, healthcare, and technology. The group targets investments with durable cash flows, high barriers to entry, inflation protection, and essential roles in business and community functions.
Simpson Thacher & Bartlett LLP acted as legal counsel, while Eastdil Secured served as financial adviser on the transaction.
Stonepeak, which manages approximately $76.3 billion in assets, is headquartered in New York with offices worldwide, including Houston, London, Hong Kong, Singapore, Sydney, and Riyadh.