Newsletters

Stockbridge Capital Enters Phoenix with $17M Retail Buy

SCOTTSDALE, AZ-The San Francisco-based buyer beats out 21 other investors to nab DC Ranch Crossing, a grocery-anchored center.

By Jennifer Duell Popovec | Updated on June 12, 2011

SCOTTSDALE, AZ-Stockbridge Capital Group LLC has made its first acquisition in the Phoenix metro area, paying $16.5 million for DC Ranch Crossing, a grocery-anchored center located within the prestigious master-planned community of DC Ranch. The San Francisco-based investor beat out 21 other potential buyers to gain control of the 68,113-square-foot, class A property, which also includes a vacant pad and an additional 2.35-acre parcel.

“Stockbridge Capital’s leadership is comprised of former RREEF principals, and Phoenix was a natural place for them to expand as they moved beyond the West Coast since RREEF has been active in the Phoenix marketplace for years,” says Glenn Smigiel in CBRE’s Phoenix office. “The firm is definitely looking at other acquisitions here.” He represented the seller in the deal, along with Bob Young, Steve Brabant and Rick Abraham, also located in CBRE’s Phoenix office.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2024 ALM Global, LLC. All Rights Reserved.