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Stockbridge Pays $142M for Ontario Warehouse Portfolio
Stockbridge has acquired a core industrial portfolio totaling 540,478 square feet in Ontario, within the Inland Empire West industrial submarket. The San Francisco-based investment firm paid $142.25 million to acquire the properties from Principal Asset Management.
Jeff Chiate, Jeffrey Cole, Rick Ellison, and Matt Leupold of Cushman & Wakefield’s National Industrial Advisory Group—West represented Principal Asset Management. The firm’s Phil Lombardo, Chuck Belden and Andrew Starnes also provided leasing advisory.
Additionally, a Cushman & Wakefield Equity, Debt & Structured Finance team of Rob Rubano, Brian Share, Joseph Lieske, Max Schafer, and Becca Tse collaborated in sourcing acquisition financing for the transaction.
The portfolio includes two freestanding Class A buildings located a few miles apart at 3351 E. Philadelphia St. and 4450 E. Lowell St. in Ontario. They’re 100% leased to prominent tenants in the distribution and retail industries.
- ◦Sale/Acquisition


