Stockbridge Capital just picked up a portfolio of about two dozen industrial properties in the heart of Chicago’s growing data center market.
The $43.1 million purchase in Elk Grove Village was made through the San Francisco-based company’s Stockbridge Real Estate Fund, property records show.
Bank of America provided a $69.5 million loan tied to the portfolio purchase. The seller was commercial real estate firm Arthur J. Rogers & Co. of Elk Grove Village.
The properties are along Elmhurst Road, Coyle Avenue, Carmen Drive, Greenleaf Avenue and Higgins Road.
Last December, Stockbridge signed Giant Bicycles to a lease extension and expansion in Elgin, bringing the bike manufacturer’s total space to 180,000 square feet.
Stockbridge also has a foothold in the Florida market, in addition to California and the Chicago area.