Southrail Equities LLC, an affiliate of Westcore Industrial Properties, bought the Southrail Business Park at 611-696 Marsat Court and 1413-1596 Jayken Way in January. The 224,451-sf business park was purchased from the California State Teachers Retirement System.
Nearly 90% leased, Southrail was built in phases in the mid-1980s. Major tenants include Quality Plus Automotive Parts, Apparel Creations, Bay Port Press, OSI Security Devices and LGB Inc.
Westcore will offer some of the buildings for sale as well as for lease, says Marc Brutten, chief executive officer for Westcore.
Steve Rowland, formerly of Burnham Real Estate Services and currently with Business Real Estate Brokerage Company, represented both sides in the transaction. Michael Mossmer of Voit Commercial Brokerage will handle leasing.
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