Simpson Thacher advised Stonepeak in connection with the acquisition of six logistics assets totaling 2.3 million square feet in Houston, Texas. The assets are strategically located less than 8 miles from Port Houston, which lifts 3.8 million TEUs annually and is the fifth-largest container port in the United States.
The Simpson Thacher team included Erik Quarfordt, Austin Hart 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, Lina Pan and Benjamin Bressler (Tax); and Jeanne M. Annarumma, Alexander Kharash and J. Pasco Struhs (Executive Compensation & Employee Benefits).