Stonepeak, the New York-based infrastructure investment firm, has acquired an 860,100-square-foot rail-served logistics facility in Fort Worth, Texas, the company announced Aug. 11, extending a yearslong buying spree in the Dallas-Fort Worth industrial market.
The property sits in the Alliance submarket, according to Stonepeak’s announcement, and is anchored by access to two Class I rail lines, the BNSF Alliance intermodal terminal and the Fort Worth Alliance cargo airport. The site also sits along Interstate 35, which Stonepeak’s release calls the “NAFTA highway” for its role linking Mexico to Canada. The purchase price was not disclosed.
“Stonepeak invests in the supply chain from producer to consumer. Real estate anchored by transportation infrastructure is a critical link in the supply chain,” said Phill Solomond, senior managing director and head of real estate at Stonepeak.
A deliberately narrow investment thesis
Stonepeak’s real estate team says it invests thematically in properties with what it calls “infrastructure characteristics” β assets tied to the supply chain, residential, health care and technology sectors that offer durable cash flows, embedded demand drivers, high barriers to entry and inflation protection. The firm cited the Dallas-Fort Worth region’s population of roughly 9 million residents, which it said is expected to grow three times faster than the national average through 2031, as a key rationale for the deal.
Simpson Thacher & Bartlett LLP served as legal counsel to Stonepeak on the transaction, with Newmark serving as financial advisor.
Part of a multiyear buildout in North Texas
The Fort Worth acquisition continues a buying pattern Stonepeak has pursued in the market since 2024. The firm acquired roughly 1.1 million square feet of Fort Worth logistics space β the Alliance Gateway 61 and 53 buildings β from sellers advised by J.P. Morgan Asset Management in September 2024, followed by another 748,000 square feet in August 2025. Since April 2024, Stonepeak said it has acquired approximately 7.7 million square feet of transportation-infrastructure-anchored logistics assets across the Dallas-Fort Worth, Houston, Jacksonville and Chicago markets.
Stonepeak manages roughly $93 billion in assets and is headquartered in New York, with additional offices in Houston, Washington, D.C., London, Hong Kong, Seoul, Singapore, Sydney, Tokyo, Abu Dhabi and Riyadh. The firm has built its reputation primarily as an infrastructure investor in sectors like energy, communications and transportation, and its real estate strategy explicitly borrows that lens β targeting logistics and industrial properties less for standard real estate metrics like rent growth and more for the durability of the physical infrastructure connecting them to rail lines, ports and highway corridors.
The deal adds to a run of large industrial acquisitions in the market this year, including Stonemont and PCCP’s $1 billion purchase of a 38-building industrial portfolio and EQT Real Estate’s $268 million financing for a 2.8 million-square-foot logistics portfolio, underscoring continued institutional appetite for rail- and highway-connected industrial real estate even as broader warehouse leasing has slowed from its pandemic-era peak.
What it means
Stonepeak’s own release does not disclose a purchase price or seller, which limits how precisely the deal’s economics can be assessed, but the company’s repeated, escalating investment in Fort Worth’s Alliance submarket β now totaling nearly 2.7 million square feet since 2024 β signals continued conviction in the corridor’s rail and highway infrastructure as a durable draw for logistics tenants.
