Westcore, a leading industrial real estate acquisition, development and asset management firm, acquired a 1,082,057-square-foot, 12-building portfolio of Class B, infill industrial properties in the Dallas submarkets of Great Southwest and Garland for an undisclosed price.
“The GSW/Garland portfolio allows us to expand our footprint and presence in one of the country’s most sought after industrial markets,” said Westcore Senior Managing Director Hack Adams. “In addition, our local team can quickly execute on several upgrades and building enhancements we plan to complete to drive occupancy and tenant retention.”
The portfolio is 97% occupied. Westcore will lease the two remaining vacancies and leverage its proven, proactive approach to tenant retention.
Clear heights in the GSW/Garland portfolio warehouses range from 18 to 24 feet. The portfolio includes five properties in Grand Prairie, three in Arlington and four in Dallas.
The GSW/Garland portfolio brings Westcore’s Dallas-area industrial property holdings to 3.9 million square feet. Previous acquisitions include Railhead Business Station, Rockwall Distribution Center and North Quarter 35.
Josh McArtor, Caitlin Clinton and Katie Bostic from Eastdil Secured represented the undisclosed seller, while Westcore represented itself.
About Westcore
Founded in 2000, Westcore is a fully integrated industrial real estate investment company with over $4 billion in assets under management. Since its founding, Westcore has developed, acquired, managed and sold more than $14 billion in assets, comprised of more than 1,750 buildings and totaling over 150 million square feet. In addition to its U.S. headquarters in San Diego, Westcore has regional offices in Oakland and Dallas.
