Stonepeak has aquired a logistics portfolio in an area in Jacksonville, Florida that has shown some encouraging demographic trends.
In total, with the purchase, the alternative investment firm is adding nine assets to its footprint. The portfolio spans 1.8 million square feet.
All of the properties are within proximity of the Port of Jacksonville, home to 1.3 million twenty-foot equivalent units (TEUs) each year. Also, the port is pouring $1 billion over the next five years into improving transport access and utilization.
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