Stockbridge pays $116.5m for Miramar warehouse portfolio

San Francisco-based private equity company Stockbridge Capital Group has paid $116.5m for a five-warehouse portfolio in Miramar, Florida. The seller was IDI Logistics. Fully leased at the time of the sale, the properties total 14 acres and are located along Miramar Parkway, Southwest 29th Street and 160th Avenue. Stockbridge has $14.4bn of assets under management. Its South Florida portfolio includes the Mason Building in Miami as well as a 20-story office tower in Fort Lauderdale.