The New York investment firm Stonepeak has acquired two logistics sites totaling 748,000 square feet in Fort Worth, Texas, saying that region is forecasted to see its population of 8 million residents grow at three times the national average rate through 2030.
Since April 2024, Stonepeak has acquired 7.7 million square feet of logistics assets anchored by transport infrastructure in certain submarkets of Dallas-Fort Worth, Houston, Jacksonville, and Chicago.
According to the firm, the two facilities are located in the Alliance submarket of Dallas-Fort Worth (DFW), which is anchored by two Class I rail lines, the BNSF Alliance intermodal terminal, and the Fort Worth Alliance cargo airport, all of which have direct access to the I-35 “NAFTA highway” linking Mexico to Canada.
“We are excited to add these assets to our growing portfolio and to expand our footprint in DFW,” Phill Solomond, senior managing director and head of real estate at Stonepeak, said in a release. “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.”
