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Announced

Completed

Stonepeak completed the acquisition of a rail-served logistics portfolio in Chicago from CenterPoint Properties.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Private

Single Bidder

United States

commercial real estate

Private Equity

Completed

Friendly

Real Estate Holding and Development

Majority

Real Estate

Synopsis

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Stonepeak, an American investment firm, completed the acquisition of a rail-served logistics portfolio in Chicago from CenterPoint Properties, a real estate company. Financial terms were not disclosed. “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,” Phill Solomond, Stonepeak Senior Managing Director and Head of Real Estate.

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