LODI, CA-Westcore Properties of San Diego has acquired 784,000square feet of warehouse buildings here, plus 176,000 square feetand 60 acres of land in Manteca, for a combined total of $30million. The class A industrial assets in the San Joaquin Valleywere acquired in two separate transactions.
According to Neil Johnson, a principal in Westcore’s NorthernCalifornia office, the acquisitions are an opportunity for Westcoreto expand its Northern California portfolio, which now totalsnearly 2.7 million square feet over 11 assets.
The Lodi assets are at 960 S. Guild and 1300 E. Vine St. in theLodi Industrial Center. They were acquired from PanattoniDevelopment Co. for $23 million, with Blake Rasmussen and KevinDalPorto of CB Richard Ellis representing both Westcore Propertiesand Panattoni.
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