Stonemont, together with capital partner PCCP, has closed on a $1 billion acquisition of a large industrial portfolio concentrated in key Sunbelt logistics markets. In a LinkedIn post, the Atlanta-based investment firm identified Link Logistics, a Blackstone company, as the seller of the portfolio.
The transaction covers 38 industrial buildings totaling 5.9 million square feet across 10 states. The portfolio is reported to be 95% leased, indicating a largely stabilized rent roll at closing. According to Stonemont, the properties are concentrated in high-growth markets that include Austin, Central Florida, Charlotte, Dallas and Phoenix, positioning the assets within some of the most active distribution and logistics corridors in the country.
Stonemont described the acquisition as complementary to its existing industrial holdings and aligned with its broader expansion strategy in the sector. The firm noted that the portfolio integrates with a growing development pipeline that now exceeds 15 million square feet across more than 1,150 acres. The combination of a large stabilized acquisition and an active ground-up program underscores the scale of Stonemont’s industrial platform.
Commenting on the transaction, Zack Markwell, CEO and managing principal at Stonemont, said the deal reflects the firm’s long-term conviction in industrial real estate fundamentals. He pointed to Stonemont’s vertically integrated platform and experience in both operating and developing industrial properties as factors that should support performance across the newly acquired assets. Markwell also highlighted the partnership with PCCP as an important component of the investment strategy and indicated that the firm expects to continue pursuing additional acquisition opportunities alongside its development efforts.
The acquisition was financed with debt provided by JP Morgan and Wells Fargo, two of the largest bank lenders active in commercial real estate. Eastdil Secured advised on the debt execution, indicating an institutional capital stack that combines equity from Stonemont and PCCP with senior financing from money-center banks. Specific loan terms, including amount, structure and pricing, were not disclosed.
The transaction adds a sizable, multi-market industrial portfolio to Stonemont’s holdings at a time when logistics assets in Sunbelt locations continue to draw institutional capital. While the individual properties were not detailed, the portfolio’s scale, high occupancy level and placement in growth markets suggest it is intended as a core component of Stonemont’s long-term industrial strategy. A representative Stonemont industrial property in Wilmer, TX, was cited as illustrative of the type of assets associated with the platform.
