Stonepeak agrees to buy Starwood’s Houston-area industrial park, Independence Logistics Park, for $244M in biggest Industrial deal in over a decade

Stonepeak agreed to pay Starwood Capital $244M for a 2.3M SF industrial park in the Houston area, according to a Green Street alert. The trade of Independence Logistics Park, a six-building industrial property in La Porte near Port Houston, would be the Houston market’s largest warehouse trade since 2010, the website reported. The acquisition marks the third big industrial purchase this year by Stonepeak, a New York-based investment firm with $70B of assets under management.

Stonepeak
Phillip Solomond | Senior Managing Director, Head of Real Estate
Starwood Capital Group (NYSE: STWD)
Zachary Tanenbaum | Managing Director & Head of Investor Strategy

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