New York-based alternative investment firm Stonepeak has acquired two logistics assets totalling 748,000 square feet in Fort Worth, Texas.

The assets are strategically 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 “Nafta highway” linking Mexico to Canada. The Alliance submarket’s transport infrastructure is supported by DFW’s population of over 8 million residents, which is expected to grow by three times the national average through 2030.

“We are excited to add these assets to our growing portfolio and to expand our footprint in DFW,” says Phill Solomond, senior managing director and head of real estate at Stonepeak. “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.”

Simpson Thacher & Bartlett served as legal counsel while Eastdil Secured served as financial adviser to Stonepeak.

Since April 2024, Stonepeak has acquired 7.7 million square feet of logistics assets anchored by transport infrastructure in key submarkets of Dallas-Fort Worth, Houston, Jacksonville, and Chicago.

Stonepeak specializes in infrastructure and real asset investments with approximately US$76.3 billion of assets under management.