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Stonepeak, an investment firm, recently acquired nine logistics properties near the Port of Jacksonville. These properties span a total of 1.8 million square feet and were purchased with the assistance of financial advisor JLL. The port has been a hub for various transactions in recent months, including Redfearn Capital’s acquisition of a 363,000-square-foot warehouse on Gran Bay Parkway from Brookfield for $27 million.
According to Redfearn Capital, the port is investing over $1 billion in improvements over the next five years to enhance access and utilization of this vital transportation infrastructure that handles approximately 1.3 million TEUs annually. Key railroad systems such as CSX, Norfolk Southern and Florida East Coast Railway support traffic at this port.
In addition to its acquisition near Jacksonville’s port area, Stonepeak also purchased two logistics assets totaling 1.1 million square feet in Fort Worth from institutional investors advised by J.P Morgan Asset Management using a $57 million loan from PGIM Real Estate.
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