Stockbridge Capital makes big bet in suburban industrial stronghold

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

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.

Related Articles

Marc Jacobs store at 11 E. Walton St., Marc Jacobs (Credit: Getty Images and Google Maps)

Another one bites the dust: Marc Jacobs closes Gold Coast location

Ald. Walter Burnett Jr. (27th) and Steven Fifield, with a rendering of the project

‘Cap the Kennedy’ plan may be revived thanks to real estate money

Trammell Crow CEO Matt Khourie and a rendering of Fulton Labs (Credit: iStock)

Life sciences development may be Fulton Market’s next new thing

181 W. Madison St. and HNA Group Founder Chen Feng (Credit: Google Maps)

Embattled Chinese firm HNA Group refinances Loop skyscraper

Chariot Logistics Center and Jeff Bezos (Credit: Getty Images, Cushman & Wakefield, and iStock)

Amazon inks massive lease at Melrose Park distribution center

Tishman Speyer’s Rob Speyer & 320 North Sangamon rendering (Credit: Tishman Speyer)

Tishman Speyer lands $81M loan for Fulton Market spec office project

Cook County Assessor Fritz Kaegi (Credit: Twitter and iStock)

Cook County assesses priciest properties in suburbs at below recent sale prices: report

Pepper Construction CEO David Pepper (Credit: Pepper Construction)

Chicago construction exec David Pepper dies at 59