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Westcore Looks to Unload 3.1M-SF Portfolio

LOS ANGELES, CA-An industrial portfolio of this size could easily command $230 million to $250 million at today's prices for comparable properties. The portfolio includes nearly 2 million sf in Los Angeles County.

By Bob Howard | Updated on July 10, 2002

LOS ANGELES, CA-Westcore Industrial Properties, a private investment firm based in San Diego with regional offices in Los Angeles, has placed a 3.1-million-sf portfolio on the market.

CB Richard Ellis brokers marketing the properties decline to state an asking price, but a portfolio of this size could easily command $230 million to $250 million at today’s prices for comparable properties.

The portfolio includes nearly 2 million sf in Los Angeles County, broker Darla Longo of CB Richard Ellis tells GlobeSt.com, plus 827,000 sf in San Diego County, nearly 174,000 in Northern California, about 125,000 sf in Orange County and 40,000 sf in Arizona. Longo is part of a CB marketing team including Nick Psyllos and Barbara Emmons.

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