Stonepeak Acquires 1.8 Million Square Foot Logistics Portfolio in Jacksonville, Florida
11.07.24
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Simpson Thacher advised Stonepeak in connection with the acquisition of nine logistics assets totaling 1.8 million square feet in Jacksonville, Florida. The assets are strategically located near the Port of Jacksonville, which lifts 1.3 million TEUs annually and is investing more than $1 billion over the next five years to improve access and utilization of this critical transport infrastructure.
The Simpson Thacher team included Erik Quarfordt, Austin Hart, Ziena Hatem and Kathleen Joo (Real Estate); Jaclyn H. Starr and Mark E. Guffanti (Funds); Matthew Warren (Banking and Credit); Thomas R. Howland (Fund Finance); Jonathan Goldstein, Jacqueline B. Clinton and Michael Leitner (Tax); and Jeanne M. Annarumma and Alexander Kharash (Executive Compensation & Employee Benefits).