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

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.