A JV is growing its parking structure portfolio in San Francisco. Stockdale Capital Partners in a partnership with Grosvenor Group and Ace Parking Management purchased the 241-stall garage at 350 Beach St. in San Francisco’s Fisherman’s Wharf in September. This purchase marks the second acquisition made by the JV. Stockdale previously bought the 364-stall SOMA Grand Garage at 1160 Mission St.
“Parking throughout San Francisco continues to be in high demand from users and this property is no exception,” Stockdale Capital Partners Managing Director Daniel Michaels said.
Stockdale Capital Partners seeks value-add, income-producing parking garages in infill, high-traffic submarkets across the Southwest, as well as surface lots where parking operations can be executed.