Stonepeak acquires 1.1 million square foot logistics portfolio in Fort Worth, Texas to strengthen their real estate assets
Sep 05, 2024•over 1 year ago
Acquiring Company
Typewriter Ascend Ltd
Acquired Company
N/A
Description
Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, has announced the acquisition of two logistics assets totaling 1.1 million square feet in Fort Worth, Texas. Stonepeak's Senior Managing Director and Head of Real Estate, Phill Solomond, expressed excitement about adding these assets to their growing portfolio, emphasizing the strategic location of the Alliance submarket of Dallas-Fort Worth and the assets' mission-critical role in local and national supply chains.
M&A Insights
Based on deal dataIntegration timeline
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Tech stack consolidation
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Post-acquisition investment
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