Stockbridge Acquires 8.7M SF Logistics Portfolio
The portfolio consists of 17 fully stabilized properties spanning nine US markets: Dallas/Fort Worth, eastern Pennsylvania, Nashville, Cincinnati, Jacksonville, Columbus, Chicago, Las Vegas and Austin.
SAN FRANCISCO—Stockbridge has acquired an 8.7-million square foot industrial logistics portfolio from a private company. The portfolio consists of 17 fully stabilized properties, majority newly constructed with an average year built of 2018. The properties span nine US markets: Dallas/Fort Worth, eastern Pennsylvania, Nashville, Cincinnati, Jacksonville, Columbus, Chicago, Las Vegas and Austin.
For both transactions, PGIM Real Estate Finance served as the lender and Jones Lang LaSalle will serve as property manager.