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Phillip Solomond Of Stonepe...

Updated Aug 28, 2026

Phillip Solomond Of Stonepeak Acquires 860,100 Square Foot Industrial Property In Fort Worth
SOLDIndustrial

Phillip Solomond Of Stonepeak Acquires 860,100 Square Foot Industrial Property In Fort Worth

Building Size

860,100 SF

Asset Type

Industrial

Closing

Aug 11, 2026

About this deal

AI

Stonepeak has acquired an industrial asset in Fort Worth’s Alliance submarket, characterized by its significant size of 860,100 square feet and its rail-served logistics capabilities. The property benefits from access to two Class I rail lines, the BNSF’s Alliance intermodal terminal, Fort Worth Alliance Airport, and Interstate 35, making it strategically valuable in the logistics sector.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Buyer: Phillip Solomond
  • Company: Stonepeak
  • Date of Transaction: 08/11/2026
  • Market: Fort Worth, TX
  • Asset Size: 860,100 square feet

This transaction underscores Stonepeak's strategy to enhance its presence in the industrial real estate market within the Dallas-Fort Worth area, reflecting confidence in the region's logistics infrastructure and growth potential.

Players

Phillip Solomond

Stonepeak

Buyer

$94.4M

vol

1 deal

Buyer

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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