Brookfield Adds 3.6M-SF Light Industrial Portfolio Across Sunbelt

Following its 2024 acquisition of a light industrial portfolio from DRA Advisors for $1.3 billion, Brookfield has acquired a 3.6-million-square-foot industrial portfolio for $428 million from Stonelake Capital Partners. Spanning high-growth Sunbelt markets including Dallas, Houston, Atlanta and Nashville, the portfolio’s 53 properties are 96% leased.

The portfolio is comprised of infill light industrial assets, a sector where Brookfield maintains a bullish long-term outlook driven by favorable supply-demand dynamics. The company intends to vertically integrate the portfolio within its national logistics platform and plans targeted upgrades.

Andy Smith, head of North American investments for Logistics for Brookfield Asset Management, said, “Given the increased market uncertainty and rising replacement costs over the past several years, particularly in the light industrial space, we believe this transaction represents the opportunity to capitalize on strong supply/demand fundamentals for assets in irreplaceable locations in top markets where Brookfield has experience within our existing operating portfolio.”

Pictured: 8401 John Carpenter Freeway in Dallas, one of 53 properties Brookfield acquired from Stonelake.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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