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Steve Steppe, managing partner of San Francisco-based Stockbridge Capital Partners, has made some expensive acquisitions since he left the chairmanship of RREEF North America in 2007, and another shopping spree lies ahead.
In late June 2009, Steppe oversaw a $400 million deal for 90 industrial properties, the costliest transaction in the U.S. industrial sector over a 12-month period, according to New York-based data firm Real Capital Analytics.
It was a healthy transaction. "The assets were 95% occupied so they certainly were not distressed, and they're 94% occupied six...