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Cushman & Wakefield Brokers Transaction to Stonelake Capital Partners

Bailey Webb • 3/5/2024
Dallas-Fort Worth, Texas, March 5, 2024 – Cushman & Wakefield announced today that the firm represented a private seller in the sale of 4400 Diplomacy Road located in Dallas-Fort Worth to Stonelake Capital Partners. 

The 119,995-square-foot distribution building is 100% leased to Litex Industries and is located in CentrePort Business Park, part of the Great Southwest industrial submarket. CentrePort is a 1,300-acre master-planned business park that is located immediately south of Dallas-Fort Worth International Airport on fee simple land, midway between Dallas and Fort Worth.  

Cushman & Wakefield’s Jim Carpenter, Jud Clements, Robby Rieke and Madeleine Supplee represented the seller in the transaction. “4400 Diplomacy Road is located in one of the most infill and coveted DFW industrial submarkets. The offering traded significantly below replacement costs and features near-term upside,” said Jud Clements.  

The Stonelake Capital Partners team of Coleman Brown, Michael Massad, Will Thomas and Keontae Burns led the acquisition of the asset. “4400 Diplomacy Road checks all of our boxes: a functional industrial asset with institutional specs in an infill location with high barriers to new supply,” commented Coleman Brown. 

About Stonelake Capital Partners 
Stonelake Capital Partners is a real estate private equity firm that primarily acquires and develops industrial and multifamily properties and owns over $4.5 billion of commercial real estate in Sunbelt Markets. Stonelake owns, is developing or has developed over 28.0 million square feet of industrial warehouses across 330 properties. Since 2007, Stonelake has raised over $2.6 billion in institutional equity commitments for its discretionary private equity investment partnerships and counts among its investors many of the United States’ largest college endowments, hospital systems, pension funds and private foundations. Stonelake was founded in Austin, Texas in 2007 by Kenneth Aboussie and John Kiltz. For additional information, visit
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit

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