FRIBOURG, SWITZERLAND-Westcore Europe, an affiliate of San Diego-based Westcore Properties, has purchased a 10-story mixed-use building here from Coop for an undisclosed amount. The 70,000-square-foot property is at Rue St. Pierre 6, right next to Fribourg Center, the city’s largest shopping mall.

The company has said that it is purchasing properties in the country due to historically low interest rates. Westcore recently completed the $29 million acquisition of Satigny Business Park in Geneva, Switzerland in December.

This new property includes office and retail, including a bowling alley, and is 85% leased to tenants such as Voegele Clothing and Bulliard Immobilier. A nightclub in the building is available for lease, and the lower floors include a 117-space garage.

Michael Wolfson, vice president of acquisitions, said in a statement that the company has created an asset management plan with includes pursuing items of deferred maintenance, building service upgrades, restructuring services charges, tenant engineering, reconfiguration of space and improvements to building fabric.

“(We) will aggressively engage in marketing vacant space available for lease in the building, and we are already in negotiation with a variety of tenants to take up the remaining space,” Wolfson said in the statement. Labocom SA represented Westcore, and KPMG represented the seller in the sale transaction. Westcore has hired Gerama SA as leasing agent for the property.