Stockbridge Capital Group Acquires Class A Industrial Property in Antioch

On August 13, 2019, Westcore Properties sold a 6,350,000 million-square-feet, of Class A industrial property portfolio to San Francisco-based Stockbridge Capital Group which consists of the 665,775- square-foot, two-building Antioch Distribution Center, located at 2200-2300 Wilbur Ave. & 2110-2300 Wilbur Lane, with both buildings being fully leased. The portfolio overall is made up of 26 assets across nine markets in five states.

On September 11, 2017, Westcore Properties acquired the Antioch Distribution Center, for $32.4 million. Westcore purchased the manufacturing/distribution project from the Covington Group, based in Dallas, Texas. Covington Group was represented by Steve Hermann, Scott Bertrand and Brooks Pedder of Cushman & Wakefield in the transaction. Westcore Properties is a global, entrepreneurial commercial real estate investment firm with a specialized focus in Western United States commercial and industrial properties. Stockbridge is a private equity real estate investment management firm led by veteran industry professionals. The firm’s portfolio comprises assets across the investment risk spectrum, including core, value-added, and opportunistic strategies. Stockbridge and its affiliates have approximately $14.6 billion of assets under management (as of June 30, 2019) spanning all major real estate property types, and certain specialty property types, throughout the United States. Additional article CLICK HERE