Stonepeak has acquired a $125m (€117.4m) logistics portfolio in the Midwestern US from CenterPoint Properties.

IPE Real Assets understands that the investment firm has bought the fully leased three-asset logistics portfolio in Chicago on behalf of Stonepeak Real Estate Partners, the firm’s debut real estate fund.

The 1.7m sqft rail-served logistic portfolio is located at the largest inland port in North America, which is anchored by BNSF and Union Pacific Class I rail intermodal terminals. 

Phill Solomond, senior managing director and head of real estate at Stonepeak, said: “This transaction demonstrates the power of the Stonepeak platform to invest in supply chain real estate with durable infrastructure characteristics.

“The portfolio is directly adjacent to critical rail infrastructure and is a strong addition to our broader real estate strategy. We look forward to expanding our portfolio as a trusted buyer who provides speed and certainty of execution.”

As previously reported Stonepeak is seeking to raise $1bn for its debut real estate fund, following the manager’s move into the asset class in 2021.

The new fund is expected to acquire a combination of industrial, residential, healthcare and technology-based real estate in the US.

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