SparrowHawk has acquired a 20-property industrial portfolio encompassing approximately 4.4 million square feet for just under $400 million, completing the largest transaction in the firm’s history and significantly expanding its presence across major Midwest logistics markets. The portfolio spans St. Louis, Cincinnati, Cleveland, Columbus, Dayton, and Louisville.
The properties are occupied by a diversified group of national and regional tenants operating across logistics, distribution, manufacturing, e-commerce, pharmaceuticals, and related industries.
EQT sold the Central Logistics Portfolio.
For Houston-based SparrowHawk, the acquisition establishes meaningful scale across several Midwest markets that connect regional industrial operations with large population centers throughout the U.S.
The company plans to use existing vacancies across the portfolio as an opportunity to capture future rental growth.
The transaction also represents another major step in a period of rapid expansion for SparrowHawk.
In late 2025, the industrial real estate investment and management company secured a $300 million growth capital commitment through a joint venture with Almanac Realty Investors.
SparrowHawk subsequently acquired approximately 1.13 million square feet of industrial properties in Kansas City and St. Louis.
Following the latest acquisition, the company’s industrial assets under management total more than $1 billion.
The portfolio transaction also highlights growing activity in large industrial real estate deals ranging from approximately $250 million to more than $750 million.
JLL said the market for these transactions remains liquid, supported by financing availability from insurance companies, banks, credit funds, and debt funds.
SparrowHawk itself received more than a dozen financing options for the acquisition, according to JLL.
The firm’s expanded profile following the Almanac capital commitment and its recent acquisition activity helped strengthen its financing options.
For industrial investors, large portfolio transactions can provide an opportunity to build scale across several markets in a single acquisition rather than assembling a similar footprint one property at a time.
SparrowHawk believes the newly acquired assets offer both immediate operating scale and longer-term opportunities to increase value through leasing and operational execution.
The firm focuses on industrial real estate in the Midwest and other strategic logistics markets, with a vertically integrated model spanning investment, development, and property operations.
SparrowHawk has now completed more than $1 billion in real estate transactions and raised hundreds of millions of dollars from institutional and private investors.
JLL’s Industrial Capital Markets group represented the parties in connection with the transaction.
KEY QUOTES:
“This acquisition accelerates SparrowHawk’s strategic expansion in the Midwest with a portfolio that is integral to connecting industrial occupiers to the large consumer markets driving logistics and e-commerce growth.”
“The portfolio is transformational for our platform. It establishes meaningful scale across key Midwest markets and provides attractive risk-adjusted returns that align with our growth strategy and plans for capital deployment.”
Alfredo Gutierrez, President and Founder of SparrowHawk
“This market represents a great opportunity for SparrowHawk, and firms like it, to acquire established portfolios of in-demand product that may also have strong mark to market potential. It allows buyers to immediately build or enhance scale in an individual market or throughout a region.”
John Huguenard, Senior Managing Director and Industrial Group Leader at JLL Capital Markets
“This was an aggressive and accretive deal for SparrowHawk. The financing opportunities available for SparrowHawk were enhanced by the firm’s increased profile following the announcement of the $300 million growth capital commitment from Almanac Realty Partners and two significant acquisitions to end 2025 and kick-off 2026.”
Brian Walsh, Senior Director at JLL Capital Markets
“We’re building a platform designed not only to own buildings, but to create enduring value through relationships, operational excellence, disciplined execution, and a relentless focus on serving our investors and tenants.”
Alfredo Gutierrez, President and Founder of SparrowHawk
