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Westcore Acquires 4.4-Acre Azusa Industrial Property

San Diego-based Westcore Properties acquired a 4.37-acre industrial property at 555 West Danlee in Azusa, CA for $8.8 million. The seven buildings on the site total 47,000 square feet. The seller was Heppner Hardwoods, Inc., a specialty lumber wholesaler that developed the site for its own use in 1984.

Westcore’s Mike Metzger says, “We are excited about this investment, as it is a well-located, central in-fill site in a land-constrained, 1.4%-vacant industrial market. The property has strong leasing prospects in its current condition, and offers an option for future development.”

The site is 100% concrete-paved and includes multiple ingress/egress points as well as proximity to the Foothill (210) Freeway and the San Gabriel River (605) Freeway.

Colliers International’s Scott Heaton and Riley Heaton represented the seller in the transaction, while Westcore was self-represented.

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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.

  • ◦Development
  • ◦Sale/Acquisition
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