Westcore chairman Marc Brutten says he expects to close onanother 175,000 sf of Austrian real estate in the next 30 days. Hesays the closed 1.3-million-sf transaction "represents an importantstrategic move for Westcore." Brutten adds, "With our firstEuropean venture outside of Switzerland, we have demonstrated ourdesire to become a major player on the European real estatestage."

The Westcore acquisition from Phillips consists of Green ParkCenter, a class A office property; High Tech Center, an office andindustrial park; and Tech Park Vienna, a manufacturing and officecampus. Brutten says his firm is redeveloping and renovating theportfolio to attract new tenants and to allow existing tenants toexpand their space.

Since its formation in 2001, Westcore and its principals haveinvested more than $1 billion in properties totaling more than 10million sf. Besides San Diego and Lausanne, the company has officesin Los Angeles, San Francisco and Denver.