February 7, 2016 Comments Off on Westcore’s 2015 Activity Tops $1.25B Views: 477 San Diego

Westcore’s 2015 Activity Tops $1.25B

Westcore Properties completed more than $1.25-billion in transaction volume last year. The San Diego-based CRE investment firm reported it acquired 3.7-million square feet of institutional-quality industrial buildings, and 700,000 square feet of office buildings, in the Western United States for $555-million.

Westcore also generated more than $700-million in disposition activity, including the sale of a 3.2-million-square-foot industrial portfolio. The divestments included “non-core assets or opportunities to capture investment return opportunities.

Highlights of 2015 transaction activity:

  • $179.8-million sale of 24-story office tower in Oakland
  • $69.4-million acquisition of eight-building industrial portfolio in Southern California
  • $25.5-million acquisition of industrial facility in Ontario
  • $52.7-million acquisition of office property and data center in Silicon Valley

The firm is seeking to acquire up to $1 billion in industrial and office properties this year.

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