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Demand Encourages Westcore To Sell

FREMONT, CA-Wholesale furniture manufacturer, CW Kato Investors, buys a warehouse here at 47550 Kato Rd., in a market where warehouse buying and selling is virtually nonexistent, according to a source.

By Natalie Dolce | Updated on January 23, 2014

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.”

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