Westcore Properties Returns to San Bernardino with 830,750-SF Industrial Acquisition
CBRE retained to market cross-dock facility
San Bernardino, CA (August 7, 2017) –Westcore Properties has acquired an 830,750-square foot, state-of-the-art, industrial building located at 6207 North Cajon Blvd. in San Bernardino, California for an undisclosed amount.
The purchase marks a return to San Bernardino for Westcore, where the company purchased the Cajon Distribution Center in 2010, which it later sold after leasing the entire project to Hewlett Packard.
“We anticipate that this Class A, cross-dock facility at 6207 North Cajon will attract significant attention in the Inland Empire, where supply of available warehouse facilities ranging from 750,000 to 850,000 square feet is constrained,” said Hack Adams, senior vice president of acquisitions at Westcore Properties. “This building is particularly well suited as a regional distribution hub or a terrific e-commerce facility.”
Darla Longo of CBRE brokered the off-market transaction with an undisclosed seller.
“We are fortunate to have such a strong relationship with CBRE,” said Don Ankeny, president and CEO of Westcore Properties. “Darla and her team knew this property would fit our acquisition criteria and that we would be able to move quickly to close an efficient, off-market transaction and grow our Western U.S. industrial portfolio.”
Westcore is working with Jim Koenig and David Consani of CBRE to market 6207 North Cajon Blvd., which is currently for lease. The property features cross-dock loading, 36-foot clear height, all-concrete truck yards and secured trailer parking. Nearby corporate neighbors include Hewlett Packard, JC Penny and FedEx, among others.
“This is a strategic facility located in one of the hottest industrial markets in the country,” said Longo. “Its Class A features are ideal for the multiple e-commerce and logistic requirements in the market.”
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.