Westcore acquires 3.5msf California industrial portfolio
Westcore acquired the 3.5-million-square-foot Odyssey Portfolio, comprising industrial properties in Livermore, Valencia and Chino, Calif., for an undisclosed sum.
The portfolio includes assets in some of the strongest markets in California:Chino: nine buildings, 1.47 million square feet with nine tenants Valencia: four buildings, 742,558 square feet with five tenants Livermore: three buildings, 1.3 million square feet with two tenants
“Westcore is bullish about the fundamentals for industrial real estate, and we are thrilled to acquire 3.5 million square feet of infill California properties in a single transaction,” said Don Ankeny, Westcore president and CEO. “This strategic investment underscores our commitment to expanding our footprint in growth markets across the United States.”
The class A, A- and B+ industrial buildings are 100 percent occupied. Staggered lease expirations will allow Westcore t