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Stockbridge Acquires 8.7 Million Square Foot Class A Industrial Portfolio

PR Newswire

Stockbridge continues to expand its industrial footprint with an 8.7 million square foot industrial logistics portfolio spread across seven states and nine markets. The portfolio is comprised of newly constructed buildings featuring high-quality, modern facilities, in well-connected locations with a heavy presence of e-commerce industry tenants.

Last month, Stockbridge’s Value Fund III acquired an 1.7 million square foot light industrial portfolio in the Chicago region. The portfolio is comprised of 38 buildings in some of Chicago’s most sought after markets including O’Hare, Lake County and Elgin. Stockbridge’s total industrial footprint is covers approximately 33 million square feet (as of September 30, 2019) across the U.S., underscoring the firm’s belief that heightened demand for industrial will continue. For more about Stockbridge’s recent activity in the industrial sector, click on the link below.