{"id":1004764832,"date":"2025-07-15T03:49:55","date_gmt":"2025-07-15T11:49:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004764832"},"modified":"2025-07-15T05:26:19","modified_gmt":"2025-07-15T13:26:19","slug":"brookfield-pays-428m-for-sun-belt-collection","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brookfield-pays-428m-for-sun-belt-collection\/","title":{"rendered":"Brookfield Pays $428M for Sun Belt Collection"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a09740745742&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004764833\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/brookfield-pays-428m-for-sun-belt-collection\/space-park-north-brookfield\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Space-Park-North-Brookfield.jpg\" data-orig-size=\"640,480\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Space-Park-North-Brookfield\" data-image-description=\"&lt;p&gt;Property at 101 Space Park North, Goodlettsville, Tenn.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Among the assets that changed hands was this 707,321-square-foot industrial park in Goodlettsville, Tenn., dubbed Space Park North. Image courtesy of Yardi Research Data&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Space-Park-North-Brookfield.jpg?w=640\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Space-Park-North-Brookfield.jpg\" alt=\"Exterior shot depicting one of the buildings in the Space Park North, an industrial park in Goodlettsville, Tenn.\" class=\"wp-image-1004764833\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Space-Park-North-Brookfield.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/07\/Space-Park-North-Brookfield.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">One of the assets that changed hands was Space Park North, a 707,321-square-foot industrial campus in Goodlettsville, Tenn. <em>Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Brookfield Asset Management has completed the $428 million acquisition of 53 light industrial assets spanning 3.6 million square feet across the Sun Belt, as <a href=\"https:\/\/commercialobserver.com\/2025\/07\/brookfield-stonelake-capital-428-million-sale\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">first reported by <em>Commercial Observer<\/em><\/a>.<\/p>\n\n\n\n<p>Stonelake Capital Partners sold the collection\u2014which was 96 percent leased at closing\u2014located in Dallas, Houston, Atlanta and Nashville, Tenn. In the Volunteer State, the properties changed hands for a combined $147 million, <em>Nashville Post <\/em>reported.<\/p>\n\n\n\n<p>During the first half of 2025, Stonelake has sold 7.6 million square feet of industrial space throughout the Sun Belt for nearly $920 million, in 13 separate transactions. The assets were acquired between 2018 and 2022.<\/p>\n\n\n\n<p>Following the dispositions, Stonelake&#8217;s national portfolio shrank to 19.3 million square feet. However, the firm intends to continue acquiring and developing light industrial properties in infill locations, in markets experiencing significant population growth.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bam-s-focus-on-industrial\">BAM&#8217;s focus on industrial<\/h2>\n\n\n\n<p>This acquisition brought BAM&#8217;s national logistics footprint to more than 75 million square feet. Earlier this year, the company&#8217;s <a href=\"https:\/\/www.commercialsearch.com\/news\/brookfield-asset-management-brings-real-estate-fund-to-16b\/\">real estate funds reached nearly $16 billion<\/a> in commitments, its largest such strategy yet. The investor had some $272 billion in assets under management at the end of the first quarter.<\/p>\n\n\n\n<p>In 2024, BAM purchased a 14.6 million-square-foot collection of <a href=\"https:\/\/www.commercialsearch.com\/news\/shallow-bay-industrials-deep-future\/\">shallow bay industrial<\/a> properties from funds managed by DRA Advisors. Most of the facilities were located in the Sun Belt.<\/p>\n\n\n\n<p>And also last year, BAM sold its entire industrial outdoor storage portfolio to Realterm. The company obtained $277 million for <a href=\"https:\/\/www.commercialsearch.com\/news\/brookfield-sells-ios-portfolio-for-277m\/\">the 631,604-square-foot IOS package<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stonelake Capital Partners sold the industrial assets.<\/p>\n","protected":false},"author":3471,"featured_media":1004764833,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742,32781,51973],"tags":[33496,33291],"class_list":["post-1004764832","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest","category-southeast","category-southwest","tag-brookfield-asset-management","tag-stonelake-capital-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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