The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SOUTHERN CALIFORNIA NEWS
Printer-friendly Version   Email an Associate
Stockbridge Capital Group Acquires 6.35 msf Industrial Property Portfolio

8/19/19

San Francisco-based Stockbridge Capital Group has acquired a 6.35 msf industrial portfolio from Westcore Properties. The price was not disclosed.

With 26 assets across nine markets in five states, the portfolio is nearly 100% leased, despite many of the properties being vacant at the time of Westcore’s purchase. The buildings’ tenants are primarily big-box and last-mile users.

Westcore acquired all of the properties in the portfolio since September of 2016, mostly in off-market transactions, and renovated nearly all of them. According to Don Ankeny, president and CEO of Westcore Properties, the company looked for select value-add properties where they could make a difference and return a premier asset to a thriving industrial market.

The portfolio includes:

California
• 927 E. 9th St and 7776 E. Tippecanoe Ave, San Bernardino
• 22705 Newhope St, Moreno Valley
• 3834 Duck Creek Dr, Stockton
• 133 & 155 Mata Way, San Marcos
• 500-938 S. Andreasen Dr, Escondido
• 13915 Maryton Ave, Santa Fe Springs
• 2200-2300 Wilbur Ave and 2110-2300 Wilbur Lane, Antioch
• 1627 Army Ct, Stockton
• 4545 Qantas Lane, Stockton
• 1050 E. Grant Line Road, Tracy
• 5675 Sunol Blvd, Pleasanton

Arizona
• 7037 W. Van Buren St, Phoenix

Nevada
• 445 E. Glendale Ave, Sparks
• 550 Coney Island Dr, Sparks
• 960 United Circle Dr, Sparks
• 980 United Circle Dr, Sparks
• 1050 Spice Islands Dr, Sparks
• 1750 Purina Way, Sparks
• 940 Spice Islands Dr, Sparks
• 1277-1295 Spice Islands Dr, Sparks
• 750 Spice Islands Dr, Sparks
• 748 Spice Islands Dr, Sparks
• 700-742 Spice Islands Dr, Sparks
• 1259-1275 Spice Islands Dr, Sparks

Utah
• 4745 Amelia Earhart Dr, Salt Lake City

Indiana
• 135 S. Mt. Zion Rd, Lebanon

“We are very positive about the underlying market fundamentals for industrial property,” added Ankeny. “We’re continuing to work with our broker partners to identify and secure industrial properties in established and emerging markets where we can unlock value and continue to grow our business.”
Stephen Silk, Jay Borzi and Adam Pastor of Eastdil Secured represented Westcore Properties in the sale, while Stockbridge Capital Group represented itself.





Return to the Archive page


 


 


 


 
 





Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media