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Private Equity Firm Buys Charleston-Area Facility Leased to a Top US Defense Contractor

San Francisco's Stockbridge Capital Pays $35.5 Million for Build-to-Suit Distribution Center
A joint venture between North Signal Capital and a fund managed by Westport Capital Partners developed a build-to-suit facility for SAIC in Hanahan. Illustration: Courtesy of JLL
A joint venture between North Signal Capital and a fund managed by Westport Capital Partners developed a build-to-suit facility for SAIC in Hanahan. Illustration: Courtesy of JLL
By Alicia Biggs
CoStar Research
July 15, 2019 | 3:51 P.M.

Stockbridge Capital Group has purchased a distribution center fully leased by Science Applications International Corp. in Hanahan, South Carolina, a northern Charleston suburb, for $35.5 million, or about $113 per square foot.

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