/
|
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.