- Brookfield acquired a $428M portfolio of 53 smaller-format industrial buildings across Dallas, Houston, Atlanta, and Nashville.
- The 3.6M SF portfolio is 96% leased and will be integrated into Brookfield’s national logistics platform.
- The move reflects rising investor demand for light industrial assets as companies onshore operations and strengthen domestic supply chains.
A Strategic Play on Onshoring
Brookfield Asset Management is expanding its US logistics footprint, per CoStar. The firm purchased a 53-property industrial portfolio of light industrial buildings totaling 3.6M SF in a $428M deal with Texas-based Stonelake Capital Partners.
Importantly, this move aligns with Brookfield’s strategy to target resilient supply chain markets. These areas offer high barriers to entry and consistent demand, especially as companies shift operations back to the US.
Portfolio Snapshot
The portfolio is 96% leased, demonstrating strong tenant demand. It includes buildings in Dallas, Houston, Atlanta, and Nashville. Notably, Brookfield revealed two properties: 8401 John Carpenter Freeway in Dallas and 1205 Hayes Industrial Drive in Marietta, Georgia.
Additionally, the firm is acquiring 800 Perry Road in Plainfield, Indiana, which Amazon currently leases. Although Brookfield and Stonelake did not share most addresses, the locations fall within well-performing submarkets.
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Why Small-Format Matters
Smaller-format industrial buildings, averaging 83,500 SF, continue to gain popularity. These spaces are ideal for last-mile delivery and urban distribution.
Moreover, the rise in construction costs and limited land availability has increased the value of existing assets. As companies prioritize flexible, in-market logistics, investors view these buildings as critical infrastructure.
A Growing Logistics Empire
With this industrial portfolio acquisition, Brookfield boosts its North American logistics footprint to over 75M SF. Globally, the company now owns, operates, or develops more than 184M SF of logistics space.
Furthermore, Brookfield plans to integrate these properties into its national platform. Although the firm expects to make upgrades, it has not yet disclosed specific plans.
Stonelake’s Larger Exit Strategy
This industrial portfolio sale represents part of a broader disposition by Stonelake Capital. Over the past six months, the firm closed 13 separate transactions, selling 91 buildings totaling 7.6M SF for $920M.
The properties span six major markets, including Atlanta, Austin, Dallas, El Paso, Houston, and Nashville. These assets were about 93% leased to 190 tenants.
Stonelake assembled or developed the portfolio through 49 individual transactions between 2018 and 2022. The buildings were held through its Opportunity Partners V and VI funds.
Why It Matters
This deal underscores the strong institutional appetite for well-located, small-format industrial assets. As reshoring accelerates, companies increasingly seek infill warehouses to shorten delivery times and reduce transportation costs.
Compared to ground-up construction, these assets offer lower costs and faster occupancy. Consequently, Brookfield and other major investors see long-term upside.
What’s Next
Brookfield intends to modernize the portfolio, though it has not yet revealed upgrade details.
Looking ahead, demand for light industrial real estate is expected to remain strong. As both e-commerce and supply chain realignment continue, these properties will likely play a central role in logistics strategies.
