Peter Mette News Today

Developments are fully leased to tenants including Tesla and Coca Cola

Three huge Livermore buildings whose tenants include Tesla have been bought in a deal that tops $300 million, a sign that some Bay Area real estate sectors remain sturdy.

Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired the 3.5 million-square-foot Odyssey Portfolio, comprised of industrial properties in Valencia, Livermore and Chino for an undisclosed sum.  

Westcore Acquires 3.5MSF California Industrial Portfolio

Share Westcore, a West Coast industrial real estate a firm, has acquired a portfolio of two distribution warehouses in California for a combined total of more than 1.4 million square-feet of space. Westcore acquired the properties, located at 2801 West Ave. H in Lancaster (pictured top) and 1744 East Beamer St. in Woodland, from Jericho, New York-based Kimco Realty Corp. for $108 million. Both buildings are fully leased to Rite Aid with 20-year leases. The acquisition further expands ...

1515 Navy Drive Photo courtesy of Westcore Westcore, a real estate investment and management firm based in La Jolla, has acquired a 16-building industrial park in Stockton for $20.1 million. The property at 1515 Navy Drive was sold by Klein Brothers. Westcore plans to fully renovate the industrial park to accommodate multiple tenants. Currently configured for warehousing, packaging, and distribution, the property is equipped with cold storage and a large yard space “1515 Navy ...