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Westcore Acquires “Hard to Beat” San Leandro Site
Westcore recently acquired a 79,629-square-foot industrial building at 2300 Polvorosa Ave. in San Leandro from Blue Sky Foods for $15 million. Blue Sky Foods will continue to occupy the building under a nine-month lease with Westcore.
Westcore plans modest upgrades to the facility in anticipation of re-leasing the property. The property features seven grade-level doors, four dock positions and a 4-ton bridge crane.
“A San Leandro location is pretty hard to beat,” said Peter Mette, managing director at Westcore. “It’s located one mile west of I-880, one mile south of the Oakland International Airport and is proximate to the Port of Oakland, at the heart of the I-880 industrial market.”
According to Marcus & Millichap’s fourth quarter 2020 Oakland market report, industrial rents in the area ticked up 6 percent last year. Jeffrey Ida and Brendan Gallagher of Marcus & Millichap represented Blue Sky Foods in this transaction, while Westcore was self-represented.
- ◦Acquisition
