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Stockbridge Capital Group has paid $99.5 million for a 290,920-square-foot industrial asset in Buena Park, Calif., according to Yardi Research Data. IDI Logistics sold the Class A asset.
The seller had purchased the property in 2012 from AEW Capital Management, in a 12-property portfolio deal, the same source shows. AEW is active in the Orange County market, having sold an industrial asset for $53.7 million, just last month.
Stockbridge’s newly acquired asset is a one-story, cross-dock facility. Its features include dock levelers and bumpers, 17 dock-high doors, six grade-level doors and 189 vehicle parking spots. Orora Packaging Distribution is the sole tenant, Yardi Research Data shows.