Stockbridge Real Estate Acquires Ontario Industrial Property For $142.25M

The industrial property located at 3351 East Philadelphia Street & 4450 East Lowell Street in Ontario was sold for $142,250,000. The total square footage of the property is 520,478, resulting in a price per square foot of $273.31. The transaction took place between the buyer, Stockbridge Real Estate, and the seller, Principal Asset Management. The seller was represented by Jeff Chiate, Jeffrey Cole, Rick Ellison & Matt Leupold from Cushman & Wakefield.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $142,250,000
• Address: 3351 East Philadelphia Street & 4450 East Lowell Street
• Market: Ontario
• Buyer: Stockbridge Real Estate
• Seller: Principal Asset Management
• Seller's Rep: Jeff Chiate, Jeffrey Cole, Rick Ellison & Matt Leupold - Cushman & Wakefield
• SF: 520,478
• PPSF: $273.31

The deal involved key individuals including Jeff Chiate, Jeffrey Cole, Rick Ellison, and Matt Leupold from Cushman & Wakefield who represented the seller in the transaction. They played a vital role in facilitating the sale of the industrial property in Ontario, showcasing their expertise in the real estate market.