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 expanded its holdings with a new acquisition from Stonelake Capital Partners. The deal includes a 3.6-million-square-foot industrial portfolio acquired for $428 million.
The portfolio spans 53 properties across high-growth Sunbelt markets, such as Dallas, Houston, Atlanta, and Nashville. Notably, 96% of the portfolio is currently leased. These are infill light industrial assets—a sector in which Brookfield holds a positive long-term outlook due to favorable supply-and-demand dynamics.
Brookfield plans to integrate these new assets into its national logistics platform and implement targeted upgrades. The company believes the portfolio acquisition is well-positioned to benefit from long-term structural trends and attractive market fundamentals.
“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,” said Andy Smith, Head of North American Investments for Logistics at Brookfield Asset Management.
Pictured: 8401 John Carpenter Freeway in Dallas, one of the 53 properties acquired by Brookfield from Stonelake Capital Partners.
