Stockbridge completed the recapitalization of a majority interest in a 10-asset, logistics-oriented portfolio, formerly 100% owned by Los Angeles-based Dedeaux Properties. In addition to owning these assets together, the joint venture plans to acquire and build additional industrial assets in California.
Stockbridge’s Mark Carlson says, “Stockbridge is excited to expand its industrial footprint into these transportation-oriented assets. This venture marks a commitment to a truly user-focused logistics strategy.”
Totaling 530 dock doors and 86-acres of land, the California portfolio consists of nine existing infill assets, located throughout the Los Angeles, Inland Empire, and San Francisco Bay Area markets, and one asset currently under-construction in San Bernardino. Included in the portfolio were six truck terminals, two truck and container storage yards, and two traditional warehouses.
Dedeaux Properties’ Brett Dedeaux says, “Stockbridge shares our commitment and vision for the space and this joint venture leverages our industry leading expertise, which is built on 80-years of experience in the logistics and industrial marketplace.”
Dennis Kaiser is Vice President of Content and Public Relations for
Connect Commercial Real Estate. Dennis is a communications
leader with more than 30 years of experience.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.