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Stockbridge purchases $800m logistics portfolio
Transactions - NOVEMBER 13, 2019

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Stockbridge purchases $800m logistics portfolio

by Andrea Zander

San Francisco–based Stockbridge has acquired an 8.7 million-square-foot industrial logistics portfolio from an unnamed private company.

A sales price was not disclosed; however it is estimated to be $800 million.

The portfolio consists of 17 fully stabilized properties, located in nine U.S. markets: Dallas/Fort Worth, eastern Pennsylvania, Nashville, Cincinnati, Jacksonville, Columbus, Chicago, Las Vegas and Austin.

“This portfolio stands out for its high-quality, modern construction and well-connected, population-rich locations where major e-commerce industry tenants have chosen to expand their footprints,” said Nicole Stagnaro, managing director and head of opportunistic and platform transactions. “In combination, these factors support the kind of cash flow visibility we expect from a long-term core portfolio.”

The transaction comes three months after Stockbridge acquired 26 logistics and e-commerce properties from Westcore Properties.

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