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Blackstone Doubles Its Presence In Dallas-Fort Worth With Acquisition Of 1.4M Sq Ft Warehouse Portfolio From Stockbridge

Property Image
SOLD
Stephen A. Schwarzman
Terry Fancher
Nadeem Meghji

Texas

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Industrial1,400,000 SF
Sold 12/07/2023
the dealplayerscompscontact
Property Image
SOLD

Blackstone Doubles Its Presence In Dallas-Fort Worth With Acquisition Of 1.4M Sq Ft Warehouse Portfolio From Stockbridge

Industrial1,400,000 SF
Sold 12/07/2023
Stephen A. Schwarzman
Terry Fancher
Nadeem Meghji
the dealplayerscompscontact
Contact now

Summary

Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:1,400,000 SF
Transaction Type:Sale

Blackstone is doubling its industrial presence in Dallas-Fort Worth with the acquisition of a 1.4 million square foot warehouse portfolio from Stockbridge. The portfolio is located in the Industrial market of Dallas-Fort Worth. The transaction took place on December 7, 2023.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Square Footage: 1,400,000
  • Address: Industrial Portfolio
  • Market: Dallas-Fort Worth

Blackstone, represented by Stephen A. Schwarzman and Nadeem Meghji, purchased the warehouse portfolio from Stockbridge, represented by Terry Fancher. This acquisition aligns with the trend of nearshoring in manufacturing. Blackstone has been actively expanding its industrial presence in North Texas and has acquired over 3 million square feet of warehouses valued at around $360 million in total this year.

Players

Nadeem Meghji
Blackstone
Nadeem Meghji
7 deals$8.5B volume
BUYER
Terry Fancher
Stockbridge
Terry Fancher
18 deals$1.1B volume
SELLER

Details

SOLD
IMAGE: Stephen A. Schwarzman, Nadeem Meghji & Terry Fancher DATE: 12/07/2023 ADDRESS: Industrial Portfolio MARKET: Dallas-Fort Worth ASSET TYPE: Industrial ~ SF: 1,400,000 BUYER: Blackstone (@Blackstone) - Stephen A. Schwarzman & Nadeem Meghji SELLER: Stockbridge - Terry Fancher NOTE: Blackstone is doubling its industrial presence in Dallas-Fort Worth with the acquisition of a 1.4 million square foot warehouse portfolio from Stockbridge. The move aligns with the trend of nearshoring in manufacturing, and Blackstone has acquired over 3 million square feet of warehouses in North Texas valued at around $360 million this year.

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