Stockbridge acquires U.S. industrial portfolio from Westcore

Stockbridge Capital Group has acquired from Westcore Properties a portfolio of 26 institutional-quality logistics and e-commerce properties spanning nine U.S. markets, with a heavy focus on the high-growth West Coast.

The sales price was not disclosed; however it is estimated to be $570 million, reported to media outlets.

The acquisition is part of a trend toward institutional ownership of properties that are pivotal for retailers to meet the increasing consumer demand for faster shipping times.

“It is no secret that e-commerce continues to enhance the attractiveness of high-quality and well-located warehouse and distribution properties,’’ said Nicole Stagnaro, head of opportunistic and platform transactions at Stockbridge. “We’re excited about this