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January 13, 2021 Comments Off on Westcore Wraps Up 2020 with 4M-SF National Logistics Portfolio Purchase Views: 777 California News, National News, San Diego

Westcore Wraps Up 2020 with 4M-SF National Logistics Portfolio Purchase

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San Diego-based Westcore, acquired a 4.08-million-square-foot industrial real estate portfolio over nine major markets across the nation. Westcore purchased the portfolio from San Antonio-based USAA Real Estate for an undisclosed amount.

Westcore’s Hack Adams “This portfolio offers a nice combination of single tenant and multi-tenant buildings providing a wide range of options to smaller and medium sized industrial users, where demand remains strong.”

CBRE’s Jack Fraker and Ryan Thorton represented the seller, while the buyer was self-represented. CBRE’s Val Achtemeier and Mark McGovern led placement of new debt for the deal.

The portfolio includes 17 Class A buildings constructed between 2016 and 2020 and two land sites.

  • Atlanta: Douglas Hill Road: 344,327 square feet
  • Chicago: Ashbury Drive; Mokena Logistics I & II; Rockwell Logistics Center: 599,955 square feet
  • Denver: Potomac Park at Dove Valley I & II: 266,522 square feet
  • Houston: Gateway Southwest I & II: 348,626 square feet; Land: 11.3 acres
  • Northern California: Solano Business Center: 378,405 square feet
  • Salt Lake City: I-80 Logistics Center I, II & III: 1,094,842 square feet
  • San Antonio: I-35 Logistics Center I: 397,600 square feet; Land: 4.1 acres
  • St. Louis: Fountain Lakes I & 2: 374,750 square feet
  • Lakeland, FL: Bridgewater Commerce Center: 275,226 square feet

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