California CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
KKR Benefits from Upgraded Vista Industrial
San Diego-based Westcore recently sold a 197,000-square-foot industrial warehouse located in Vista to KKR. Vista Commerce features 14 dock-high doors, six grade-level doors, 27-foot clear height and ample power.
“We are pleased grow our industrial real estate footprint in Southern California with the purchase of this well-located and fully leased industrial distribution property,” said Ben Brudney, a director in the real estate group at KKR who oversees the firm’s industrial investments in the United States.
The property is 100 percent leased to a publicly listed healthcare diagnostic testing company.
“The interior upgrades to the office area and warehouse space we made provided a highly functional space that attracted a leading healthcare company,” said Hack Adams, Westcore managing director. “With a high-quality tenant in place and a strategic location in close proximity to high-demand life sciences submarkets, KKR has acquired a valuable asset.”
CBRE represented Westcore in the sale. Westcore acquired Vista Commerce in early 2020 with assistance from CBRE, which also helped secure the lease to the current tenant.
KKR acquired Vista Commerce through its KKR Real Estate Partners Americas III fund.
- ◦Sale/Acquisition
