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Stonepeak Acquires 1.1 Million Sq. Ft. Logistics Assets in Fort Worth

Stonepeak Acquires 1.1 Million Sq. Ft. Logistics Assets in Fort Worth

Slice of Real Estate Team
September 09, 2024

Key Highlights:

Stonepeak acquires 1.1 million sq. ft. logistics assets in Fort Worth, Texas.
Strategically located in the Alliance submarket of Dallas-Fort Worth (DFW).
Proximity to Class I rail lines, BNSF Alliance intermodal terminal, and cargo airport.
DFW population growth projected at 4x national average through 2028.
Builds on Stonepeak’s recent logistics acquisitions in Chicago and South Carolina.

Source (Business Wire)

Notable Quote:

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“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.”

Phill Solomond, Senior Managing Director at Stonepeak

Our Take:

Stonepeak’s acquisition of 1.1 million square feet of logistics assets in Fort Worth reflects its strong strategic focus on real estate assets linked to transport infrastructure. With the Alliance submarket’s access to critical transportation hubs and the anticipated population growth in the DFW area, these assets are poised to provide long-term value and stability. Stonepeak’s continued expansion in logistics real estate aligns with macro trends driving demand for supply chain resilience and efficiency, positioning the firm well for future growth.