Stonepeak has acquired an 860,100-square-foot rail-served logistics property in Fort Worth, Texas, expanding the alternative investment firm’s real estate exposure to transportation-linked industrial assets in the Dallas-Fort Worth market. Financial terms of the transaction were not disclosed.
The property is located in the Alliance submarket, one of North Texas’ major logistics hubs, where rail, air and interstate infrastructure converge to support regional and national distribution. For Stonepeak, the acquisition fits an investment strategy centered on real estate with infrastructure characteristics and durable demand tied to the movement of goods.
The asset benefits from proximity to two Class I rail lines, the BNSF Alliance intermodal terminal and Fort Worth Alliance cargo airport. It also provides direct access to Interstate 35, a major north-south freight corridor connecting Mexico, the United States and Canada.
That transportation network is central to the investment thesis. Rail-served industrial properties can provide manufacturers, distributors and logistics operators with alternatives to truck-only freight movement while offering access to intermodal infrastructure capable of serving large geographic markets.
“Stonepeak invests in the supply chain from producer to consumer,” said Phill Solomond, senior managing director and head of real estate at Stonepeak. “Real estate anchored by transportation infrastructure is a critical link in the supply chain.”
The acquisition also gives Stonepeak additional exposure to the Dallas-Fort Worth industrial market, where logistics demand is supported by both population growth and the region’s role as a national distribution center. The DFW metropolitan area has approximately 9 million residents, and Stonepeak said its population is expected to grow at three times the national average through 2031.
That expanding population base can support warehouse and distribution demand as retailers, manufacturers and logistics companies position inventory closer to consumers. At the same time, the Alliance submarket’s freight infrastructure allows properties there to serve supply chains extending well beyond North Texas.
The combination of those characteristics makes the property relevant to Stonepeak’s broader approach to real estate investing. Rather than treating logistics facilities solely as conventional commercial real estate, the firm targets properties where transportation infrastructure, operational importance and barriers to entry can contribute to long-term asset value.
Stonepeak’s real estate team focuses on sectors including supply chain, residential, healthcare and technology-related properties. Across those categories, the firm looks for assets with durable cash flows, embedded demand drivers, inflation protection and characteristics that make them important to the businesses or communities using them.
The Fort Worth acquisition aligns closely with that framework. Its rail connectivity and access to major freight infrastructure distinguish the property from warehouse facilities dependent primarily on local roadway networks, while its location in a growing metropolitan area provides an additional source of potential demand.
The Alliance submarket has developed around a combination of intermodal rail, air cargo and highway infrastructure, creating a concentration of logistics capabilities within the northern portion of Fort Worth. For industrial occupiers, that connectivity can be particularly important when evaluating distribution locations based on freight costs, transportation options and access to customers.
Stonepeak’s investment also reflects the firm’s broader focus on the physical infrastructure supporting supply chains. Its target sectors include transport and logistics alongside digital infrastructure, energy, energy transition and real estate, providing the firm with experience across assets that facilitate the movement of goods, information and resources.
The logistics property adds to a real assets platform backed by approximately $93 billion of assets under management. New York-based Stonepeak invests globally and maintains offices across the United States, Europe, Asia, Australia and the Middle East.
Simpson Thacher & Bartlett served as legal counsel to Stonepeak on the Fort Worth acquisition, while Newmark acted as financial advisor.
For Stonepeak, the transaction provides a sizable logistics asset positioned at the intersection of rail, air cargo and interstate transportation infrastructure. Combined with Dallas-Fort Worth’s population growth and established distribution role, those characteristics support the firm’s strategy of acquiring real estate where underlying infrastructure creates long-term operational relevance and barriers to entry.