FREMONT, CA-Westcore Properties recently sold a 255,000-square-foot warehouse building to CW Kato Investors LLC, doing business as Homelegance Inc., a California-based wholesale furniture manufacturer for $20.8 million. According to Westcore, high-quality warehouse buying and selling in this region is virtually nonexistent.
“The demand for this type of property encouraged us to sell a portion of this portfolio rather than lease the building,” says Don Ankeny, president and CEO of Westcore Properties. “The Kato property's numerous assets such as close proximity to major freeway arteries, international air and sea ports and location in an attractive community provided high demand from potential buyers.”
Westcore Properties initially bought the property in 2012 as part of a $45.6-million portfolio. Located at 47550 Kato Rd., the property is situated Oakland and San Jose. The building is set on 13.3 acres and benefits from high visibility due to its location abutting I-880 on the east side of the highway.
The Kato property has 37 dock-high doors, 210 parking spaces and outstanding visibility and signage along I-880. Located in the core of Silicon Valley, the Kato property is served by two interstates, multiple rail transport lines, three airports and the fifth largest port in the country
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
