Stockbridge acquires 540,478sf Inland Empire industrial portfolio for $142m
Transactions - MAY 17, 2024

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Stockbridge acquires 540,478sf Inland Empire industrial portfolio for $142m

by Released

Stockbridge has announced the acquisition of a core industrial portfolio totaling 540,478 square feet in Southern California’s Inland Empire West submarket. The portfolio consists of two freestanding class A buildings located a few miles apart at 3351 E Philadelphia Street and 4450 E Lowell Street in Ontario, Calif. The buildings are 100 percent leased to prominent tenants in the distribution and retail industries.

San Francisco–based Stockbridge acquired the two-property portfolio from Principal Asset Management, a global financial and investment management firm. The portfolio sold for $142.25 million.

Cushman & Wakefield’s National Industrial Advisory Group – West represented the seller in the transaction. In addition, a Cushman & Wakefield Equity, Debt & Structured Finance (EDSF) team collaborated in sourcing acquisition financing for the transaction.

The properties offer access to Southern California’s freeway network and other vital no

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