The Skokie Commerce Center is one of the properties that Stockbridge acquired in the portfolio.
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.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
