Dedeaux Properties is adding to its Southern California portfolio. According to Vizzda records, an entity affiliated with the firm recently completed two transactions in San Bernardino for a combined price of $52 million. In both transactions, an entity affiliated with Stockbridge was the seller.
The first property, which is situated at the northwest corner of Tippecanoe Avenue and E 9th Street, was acquired for $37.7 million. The property consists of more than 15 acres of land and is utilized as vehicle storage, and there is a 7,000 square foot office building and 46 car parking spaces onsite.
On the same day, the firm acquired an additional six-acre property at 1938 W 5th St. for $14.37 million. The property is also developed with a 1,200 square foot building.
Stockbridge is a real estate investment management firm that was founded in 2003. The firm is based in San Francisco, according to its LinkedIn page.
Dedeaux Properties specializes in logistics real estate across the west coast. The firm’s current portfolio consists of approximately 13.5 million square feet of real estate.
The firm has been active in Southern California over the last several years.
Late last year, a Dedeaux family-controlled entity acquired an 882,000 square foot distribution facility in Commerce. The property was acquired in a sale-leaseback transaction from the 99 Cents Only Stores for $190 million, or about $215 per square foot. The property is located at 4000 Union Pacific Ave.
