Stonepeak buys 1.7msf rail-served logistics portfolio in Chicago

Stonepeak has acquired a three-asset, 1.7 million-square-foot rail-served logistics portfolio in Chicago from CenterPoint Properties.

The portfolio is located at the largest inland port in North America, anchored by the BNSF and Union Pacific Class I rail intermodal terminals. All six Class I railroads converge in Chicago, with 25 percent of U.S. freight trains and half of all intermodal trains passing through. Due to its central location, Chicago is a strategic transportation hub with a one-day delivery window to nearly 55 million U.S. households.

“This transaction demonstrates the power of the Stonepeak platform to invest in supply chain real estate with durable infrastructure characteristics,” said Phill Solomond, senior managing director and head of real estate at Stonepeak. “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 b