Stockbridge Capital Closes $220M Fund; Targets Value-Add Assets

By Alex Girda, Associate Editor

Stockbridge Capital Group recently announced the final closing of a $220 million fund that will target a wide range of value-added investments including industrial, office, retail and multi-family properties in major domestic markets.

Established in 2011, Stockbridge Value Fund I will focus on distressed and undervalued properties. The entity will then increase value through leasing, recapitalization and renovation. Investment will typically range between $20 million and $50 million.

On that note, the fund recently acquired its fourth property, the 68,000-square-foot Phillips Building in San Francisco’s emerging South Financial District. Located at 246 First Street, the asset was acquired in an off-market transaction. The Phillips Building is situated two blocks from the future site of the Transbay Transit Center. Promising to be the Golden State’s largest transit hub, the $4.2 billion project will  connect eight Bay Area counties to the rest of California via 11 different transit systems.

San Francisco-based Stockbridge Capital manages a $5 billion portfolio that includes 30 million square feet of office, industrial, retail, residential and hospitality space nationwide.

Photo courtesy of sf-planning.org