Infrastructure-focused investment firm Stonepeak announced it has acquired two logistics properties in Fort Worth, Texas totaling 748,000 square feet of space.<\/p>\n
The acquired sites are located in the Alliance submarket of Fort Worth and sit in close proximity to a nearby cargo airport, two Class I railroads and a BNSF Railway (NYSE: BRK.B<\/a>) intermodal terminal.<\/p>\n<\/p>\n The New York-based private equity firm highlighted anticipated growth in the Dallas-Fort Worth area, noting that its population of more than 8 million is projected to grow at a rate three times the national average through 2030.<\/p>\n \u201cWe are excited to add these assets to our growing portfolio and to expand our footprint in DFW,\u201d said Phill Solomond, Stonepeak\u2019s head of real estate, in a news release. \u201cWe 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.\u201d<\/p>\n Stonepeak has acquired 7.7 million square feet of logistics space since April 2024, including notable additions in major freight corridors like Dallas, Houston and Chicago. The firm\u2019s latest acquisitions follow a flurry of activity from 3PLs in the warehouse leasing market.<\/p>\n The logistics industry has replaced retailers and e-commerce companies as the most active buyer group of industrial space, according to recent industry research reports<\/a>. Further, 3PLs were occupiers of more 1-million-square-foot-plus properties than any other industrial vertical during the first half of this year.<\/p>\n Stonepeak touts $76 billion in assets under management. In April, it closed on a $3.1 billion acquisition of Air Transport Services Group<\/a>. A week later, it acquired energy transportation provider Dupre Logistics<\/a> and its fleet of over 700 trucks.<\/p>\n Eastdil Secured served as financial adviser to Stonepeak on the Fort Worth property acquisitions.<\/p>\n More FreightWaves articles by Todd Maiden:<\/a><\/p>\n The post Stonepeak buys Fort Worth logistics properties<\/a> appeared first on FreightWaves<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Infrastructure-focused investment firm Stonepeak announced it has acquired two logistics properties in Fort Worth, Texas totaling 748,000 square…\n","protected":false},"author":3,"featured_media":186818,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5138],"tags":[104717,5229,7371,7372,69712,29615,358,3187,67,586,132,5230,68,2969],"class_list":{"0":"post-186817","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-fort-worth","8":"tag-air-transport-services-group","9":"tag-america","10":"tag-fort-worth","11":"tag-fortworth","12":"tag-private-equity-firm","13":"tag-stonepeak","14":"tag-texas","15":"tag-tx","16":"tag-united-states","17":"tag-united-states-of-america","18":"tag-unitedstates","19":"tag-unitedstatesofamerica","20":"tag-us","21":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115116728865527427","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/186817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=186817"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/186817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/186818"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=186817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=186817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=186817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}