WHAT'S NEWS AT WESTCORE PROPERTIES - AUGUST 2018
Our First SoCal Ground-up Development Now Underway in Compton
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Los Angeles South Bay Industrial market continues to be the most highly sought after market in the country for occupiers, investors and developers.

After acquiring the 4.37 acre industrial site off-market in May, we’re underway with a ground-up, state-of-the-art, Class A distribution facility within a Compton, CA Opportunity Zone.

We’ve razed the old structures to make way for a 94,875-SF facility with 32’ clear height and secured access at Alameda and Rosecrans. Completion is expected in Q2 2019.

Thanks to our great team – Marc Bonando and Brad Connors of Kidder Mathews (brokers), RGA Architects , David Evans and Associates (engineers) and Norm Wilson & Sons (GC).
Done Deals: Q3 Acquisition & Disposition Round Up
$13.6 MM Oakland Acquisition To Meet Needs of Smaller Industrial Tenants

We recently acquired an 87,870 SF multi-tenant industrial property at 1600-1700 Kirkham Street and 1701-1731 Poplar Street in Oakland, CA from an undisclosed seller for $13.6 million.

Thanks to Tom Damaschino of Cushman & Wakefield who represented the seller in this transaction. Westcore represented itself.
Repositioning in Rialto

Work is underway for the $1.5 million repositioning of our recent $11,425,000 acquisition at 360 South Lilac Avenue in Rialto, CA. A 130,599 SF warehouse/distribution facility on nine acres, enhancements will include a thorough interior and exterior cosmetic upgrade.

Thanks to Chase MacLeod of Voit Real Estate Services who represented the seller. Westcore represented itself.
Healthy Tenant Demand Fuels Silicon Valley Acquisition

We recently acquired the Silicon Valley Research Center, two R&D buildings located at 1110 and 1120 Ringwood Court in San Jose, California, from LBA for an undisclosed sum.

Thanks to Bob Steinbock and Scott Prosser of CBRE who represented the LBA. Westcore represented itself.

Global Logistics Giant DHL Acquires San Bernardino Warehouse

After acquiring and quickly leasing the entirety of our San Bernardino, CA warehouse property to LG Electronics last year, we sold the 830,750-SF Cajon Distribution Center to DHL for an undisclosed price.

Thanks to Darla Longo, Barbara Perrier and Joey Sugar of CBRE who represented DHL. Westcore represented itself.
FUN FACTOID: The Number 47
Our ranking in National Real Estate Investors recent listing of top commercial industrial real estate owners. Rankings are based on total size of companies' global portfolios as of 12/31/2017.
Summer Fun Supporting VeloYouth, CAF
& Marine Raiders
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