Stockbridge Capital makes big bet in suburban industrial stronghold

The firm purchased a portfolio of two dozen properties for $43M

Chicago /
Dec.December 10, 2019 04:06 PM
Stockbridge Real Estate CEO Stephen Pilch

Stockbridge Real Estate CEO Stephen Pilch

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.


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