The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 28, 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?



TEXAS/SOUTHWEST NEWS
Printer-friendly Version   Email an Associate
Westcore Buys 3.1 msf TX Property Portfolio from Stonelake Capital Partners

10/23/20

Westcore picked up a 35-building, three-city portfolio in Texas from Dallas-based Stonelake Capital Partners. Comprising 3.1 msf, the acquisition consisted of 16 industrial parks located in Dallas, Houston and San Antonio.

The tri-city portfolio is 93% leased to 95 diverse tenants. Westcore plans exterior cosmetic renovations, roof upgrades and addressing some deferred maintenance throughout its anticipated long-term hold of the portfolio. The firm will open an office in Dallas or Houston, where the lion’s share of the industrial parks are located.

Jack Fraker and Jonathan Bryan of CBRE represented Stonelake Capital Partners, while Westcore represented itself. The price was not given out.

“Entering the Texas market is part of our strategic plan, as Dallas and Houston are two of our nation’s largest and best performing industrial markets,” said Don Ankeny, president and CEO at Westcore. “This portfolio of quality, infill industrial parks allows us to gain a large foothold in multiple major markets where we plan to expand our presence.”






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