Stonepeak Acquires 2.3 Million Square Foot Logistics Portfolio in Houston

Stonepeak, a prominent alternative investment firm specializing in infrastructure and real assets, announced its acquisition of six logistics assets in Houston, Texas, totaling 2.3 million square feet. These assets are strategically located near Port Houston, the fifth-largest container port in the U.S., which is undergoing a $1.7 billion modernization. The acquisition aligns with Stonepeak’s investment strategy focused on supply chain real estate tied to critical port infrastructure, recognizing its essential role in supply chains. This acquisition adds to Stonepeak's rapid expansion in the logistics sector, following several substantial recent acquisitions in Florida, Texas, and Illinois. Providing capital across vital sectors, Stonepeak is known for its thematic investment approach targeting sectors with strong macro tailwinds. The firm, which manages $70 billion in assets, aims to provide risk-adjusted returns through its investment in real estate, digital infrastructure, energy, and logistics globally. Legal and financial advice for this transaction was provided by Simpson Thacher & Bartlett LLP and Jones Lang LaSalle, respectively.