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Phill Solomond Of Stonepeak Acquires Industrial Portfolio In Fort Worth Totaling 1.1 Million SF

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SOLD

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Industrial1,100,000 SF
Sold 09/05/2024
the dealdetailscomps
Property Image
SOLD

Phill Solomond Of Stonepeak Acquires Industrial Portfolio In Fort Worth Totaling 1.1 Million SF

Industrial1,100,000 SF
Sold 09/05/2024
the dealdetailscomps

Summary

Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1,100,000 SF
Transaction Type:Sale

The transaction involves an industrial portfolio consisting of two logistics assets totaling 1,100,000 square feet located in Fort Worth's Alliance submarket. The assets are strategically positioned near key transport infrastructure, including Class I rail lines and the Fort Worth Alliance cargo airport.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Date: 09/05/2024
  • Address: Industrial Portfolio
  • Market: Fort Worth
  • Asset Size: 1,100,000 SF
  • Buyer: Phill Solomond
  • Buyer's Company: Stonepeak

Phill Solomond from Stonepeak represented the buyer in this acquisition from institutional investors advised by J.P. Morgan Asset Management, highlighting the involvement of significant players in the real estate investment sector.

Details

SOLD
IMAGE: Phill Solomond DATE: 09/05/2024 ADDRESS: Industrial Portfolio MARKET: Fort Worth ASSET TYPE: Industrial ~ SF: 1,100,000 BUYER: Phill Solomond - Stonepeak NOTE: Stonepeak has acquired two logistics assets totaling 1.1 million square feet in Fort Worth's Alliance submarket from institutional investors advised by J.P. Morgan Asset Management. The properties are strategically located near key transport infrastructure, including Class I rail lines and the Fort Worth Alliance cargo airport, and are expected to benefit from the area's significant population growth and infrastructure developments.

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