Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired a 114,871-square-foot warehouse building at 200 S. 49th St. in Phoenix, Arizona, from an owner-user party for $13.5 million. Located in Phoenix’s sought-after Southwest industrial submarket, Westcore has acquired the highly functional warehouse below replacement cost and is also building ground-up industrial....
Principal and Managing Director Malcolm Davies and Senior Vice President Zack Streit of The Davies Group at George Smith Partners, a Los Angeles-based entrepreneurial commercial real estate capital advisory firm, arranged $35.9 million in construction take-out financing for a state-of-the-art industrial project located in San Marcos, Texas. The facility is home to a single-tenant owner-user....
Brixton Capital has acquired Marketplace Beaumont, a 187,851-square-foot shopping center in Beaumont, California. Brixton purchased the property from the FJ Hanshaw Trust in an off-market transaction. Located at 1604, 1642 and 1693 E Second St. with strong access to and visibility from the I-10 Freeway, the shopping center is 92% leased. National tenants include Aldi,....
Westcore, a leading West Coast industrial real estate acquisition, development and asset management firm, acquired Cedar Port Park consisting of four industrial buildings encompassing 210,000 square feet. Westcore purchased the industrial park, located at the corner of FM 1405 and Oscar Nelson Junior Drive in Baytown, Texas, from Texas-based seller NIT Industrial for an undisclosed....
The Davies Group at Los Angeles-based George Smith Partners, a leading commercial real estate capital advisory firm, secured $35.2 million in construction financing for the first phase of a hotel-to-multifamily conversion project in downtown Salt Lake City’s rising social hub, The Granary District. Occupying two of the city’s most transformative landmark towers, the first phase....
Brixton Capital has acquired Mason Park, a multifamily property in the growing area of Katy, Texas in the Greater Houston area from Hilltop Residential for an undisclosed price. Located at 222 Mason Creek Drive, the 312-unit apartment complex was built in 2008 and comprises thirteen acres of land. According to Brixton Capital’s Vice President of....
Westcore, a leading West Coast industrial real estate acquisition, development and asset management firm, acquired the Mountain West portfolio of seven properties, consisting of four in Phoenix and three in Denver, for an undisclosed sum. The four properties in Phoenix include nine buildings, predominantly multi-tenant in nature, encompassing 460,214 square feet, and three single-tenant buildings....
Brixton Capital has acquired Carrington Place, a 172-unit multifamily property in the fast-growing San Antonio suburb of Boerne, Texas from Dallas-based MHP Capital, Inc. for an undisclosed price. Located at 825 Johns Road off I-10 in the historic town of Boerne, the property is just minutes away from San Antonio. Surrounded by the rolling hills....
KKR, a leading global investment firm, and San Diego-based Westcore, a leading industrial real estate acquisition, development and asset management firm, today announced that Westcore has sold an approximately197,000-square-foot industrial warehouse (“Vista Commerce”) located in Vista, California to KKR. Vista Commerce is located on an all-concrete site and features 14 dock-high doors, six grade-level doors,....
A joint venture between Brixton Capital and ALTO Real Estate Funds has sold Rainbow Plaza, a 259,980-square-foot shopping center in Las Vegas anchored by Albertsons and Sprouts Farmers Market to Phillips Edison & Company (NASDAQ: PECO) for an undisclosed amount. Encompassing 731-1049 S. Rainbow Blvd. and 6820-6846 Charleston Blvd., the center is located on one....