December 22, 2024 4:18 am
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Stockbridge Capital Group buys Phoenix industrial portfolio

Metro Business ParkAZRE

Cassidy Turley* announced Tuesday that San Francisco-based Stockbridge Capital Group, LLC, a fully independent real estate investment management firm, has closed on five of six properties that are part of a multi-tenant industrial portfolio in metro Phoenix for $53.16 million.

Stockbridge is under contract with plans to close on the sixth building located in Tempe in December for $1.24 million. The seller of all six properties is PS Business Parks, LP (NYSE: PSB) of Glendale, CA. The total portfolio includes ±678,887 square feet of multi-tenant industrial space.

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