Stockbridge to hold major interests in logistics-oriented portfolio

Joint venture with Dedeaux Properties grows industrial footprint in the West
By: Dedeaux Properties
 
 
989 S Cucamonga Avenue, Ontarior, Ca
989 S Cucamonga Avenue, Ontarior, Ca
SAN FRANCISCO - Dec. 16, 2020 - PRLog -- Stockbridge has completed the recapitalization of a majority interest in a 10-asset, logistics-oriented portfolio, formerly 100% owned by Dedeaux Properties. 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, CA. Included
in the portfolio were six truck terminals, two truck and container storage yards, and two traditional warehouses.

The recapitalization is intended to seed an ongoing programmatic venture between Stockbridge and Los Angeles-based industrial development and investment firm Dedeaux Properties. The venture has been in the works for more than a year and comes on the heels of four individual asset acquisitions completed over the summer by Dedeaux and Stockbridge through one of its value-add vehicles.

Mark Carlson, managing director with Stockbridge said, "Stockbridge is excited to expand its industrial footprint into these transportation-oriented assets. Traditional warehouses, while extremely important, are only one part of an increasingly complex supply chain real estate universe, which also includes, terminals, transloading and intermodal facilities, truck yards, and last mile assets. This venture marks a commitment to a truly user-focused logistics strategy."

Dedeaux Properties (http://www.dedeauxproperties.com)  has established itself as one of the best-in-class developers of logistics-oriented assets in Southern California.

"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," said Dedeaux Properties Principal Brett Dedeaux.

The two firms intend to add to the existing portfolio through the acquisition and development of additional transportation-oriented assets in California.

"Logistics-oriented properties are one of our three key strategies and this partnership positions us well to execute on our deep pipeline of new opportunities with certainty and speed," added Dedeaux Properties Chief Investment Officer Matt Evans.

Stockbridge currently ranks among the top 10 largest private owners and managers of industrial real estate in the United States with over 42 million square feet of industrial under management.

Contact
Bruce Beck
DB&R Marketing Communications, Inc.
***@dbrpr.com
End
Email:***@dbrpr.com Email Verified
Tags:Dedeaux Properties
Industry:Real Estate
Location:San Francisco - California - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
DB&R Marketing Communications News
Trending
Most Viewed
Daily News



Like PRLog?
9K2K1K
Click to Share