Two weeks before closing on a $570 million portfolio purchase, senior leaders from Stockbridge Capital looked over the list of key players involved in the deal and only saw women’s names — 14 of them.
The team had been so focused on completing the complex deal — 26 properties totaling 6.35 million square feet in five states — that no one noticed the all-female roster that included the buyer representatives, lawyers, lenders from PGIM Real Estate Finance and property managers from JLL.
“I’m usually pleased when I see one other senior woman in a deal,” said Kristin Renaudin, chief financial officer of San Francisco-based Stockbridge, who worked on the portfolio deal along with Nicole Stagnaro, head of opportunistic transactions, and Kristin Paul, portfolio manager.”
The main draw for Stockbridge was the explosion in e-commerce companies filling up warehouse and logistics space near major urban areas to bring distribution closer and closer to consumers, said Stagnaro.
Stockbridge’s women-led team on the deal happened organically, Renaudin said. “We’ve forged nice relationships with other firms that also have senior women and match our diversity values.”