Westcore Properties Continues to Expand Stockton Industrial Portfolio
158,400-square-foot, industrial property sells for $9.1 million
Stockton, CA (July 25, 2017) –Westcore Properties has acquired the 158,400-square foot, industrial building located at 3834 Duck Creek Drive in Stockton, Calif. for $9.1 million. The purchase marks the firm’s fourth Stockton-area industrial property purchase over the last year.
“The market is tight with very limited vacancy,” said Peter Mette, director of acquisitions at Westcore Properties. “We expect a property of this size that can efficiently accommodate one or two tenants will have broad tenant appeal.”
Mike Goldstein and Ryan McShane of Colliers International represented the undisclosed seller.
“3834 Duck Creek Drive is the perfect building for companies expanding from within the market along with companies relocating from the Bay Area,” said Goldstein. “A freestanding, cross-load building of this size and existing improvements provides for immediate occupancy in a market where inventory is at an all-time low.”
About Westcore Properties
Westcore Properties is a global, entrepreneurial commercial real estate investment firm with a specialized focus in Western United States commercial and industrial properties. Since its founding in 2000, Westcore Properties and its affiliates have acquired and managed more than $4 billion in industrial and office assets, comprised of more than 750 buildings and totaling over 45 million square feet. In addition to its U.S. headquarters in San Diego, Westcore Properties has regional offices in Los Angeles; Oakland; Sacramento; and Denver, as well as satellite offices in London, England; and Lausanne and Geneva, Switzerland.