Stonepeak acquires rail-served logistics Chicago portfolio

Stonepeak, an alternative investment firm specializing in infrastructure and real assets, has acquired a three-asset, 1.7 million-square-foot, rail-served logistics portfolio in Chicago from CenterPoint Properties.

The portfolio is anchored by the BNSF Railway Co. and Union Pacific Railroad intermodal terminals, according to a news release.

"The portfolio is directly adjacent to critical rail infrastructure and is a strong addition to our broader real estate strategy," said Phill Solomond, senior managing director and head of real estate at Stonepeak.

This investment also continues the company's focus on supply chain real estate anchored by inland and coastal port infrastructure, he said.

In October 2023, Stonepeak sold the Omni Industrial Campus, a 1.3 million-square-foot logistics real estate portfolio located near the Port of Charleston in South Carolina.