Stonelake Capital Partners has sold 91 industrial buildings totaling 7.6 million square feet. Stonelake exited the portfolio through 13 separate transactions totaling $920 million during the past six months. The buyers included large pension funds and institutional investment managers.
The portfolio consisted of 91 industrial buildings totaling more than 7.6 million square feet located in Nashville, Atlanta, Dallas, Houston, El Paso and Austin. At the time of sale, the portfolio was approximately 93 percent leased to 190 tenants. Comprising primarily smaller-format buildings averaging 83,500 square feet, the portfolio reflects Stonelake’s high-conviction investment focus on light industrial, multi-tenant distribution properties located near urban cores in high-barrier-to-entry submarkets.
Consistent with all of Stonelake’s industrial investments, the firm owned, asset-managed, and property-managed 100 percent of the portfolio – with no outside partner – throu
