California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

California  + Inland Empire  + Industrial  | 

Westcore Properties Buys Industrial Facility in Rialto

San Diego-based Westcore Properties purchased a 130,599-square-foot warehouse/distribution facility in Rialto, CA from Legacy Ranch, Inc. for $11.425 million. The investor plans to reposition the nine-acre lot at 360 South Lilac Ave., encompassing a thorough interior and exterior cosmetic upgrade and paving roughly 1.7 acres of unimproved land for trailer parking and other uses.

The $1.5-million upgrade plan includes new paint, landscaping, warehouse lights, dock doors and office reconfigurations and upgrades, in addition to paving the unimproved dirt.

Voit Real Estate Services’ Chase MacLeod represented the seller in the transaction. Westcore was self-represented.

“Two of the scarcest types of industrial space in highest demand throughout the Inland Empire are mid-sized buildings for lease, and secured, paved yards for trailer storage” said MacLeod. “Westcore’s successful acquisition and reposition of this asset will create a rare opportunity for a company to occupy both on the same property.”

For comments, questions or concerns, please contact Dennis Kaiser

Connect

Inside The Story

Connect With Westcore PropertiesConnect With Voit Real Estate Services’ MacLeod

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
New call-to-action