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California  + Bay Area  + Industrial  | 

Westcore Adds Newly-Built Central Valley DC for $54M

San Diego-based Westcore Properties acquired Pacific Distribution Center, a 712,130-square-foot Class A warehouse distribution center in Patterson, CA, a city 80 miles east of San Jose along Interstate 5. The property was purchased from Raleigh, NC-based Keystone Corporation for $53.75 million.

Newly-constructed at 400 Park Center Dr., the facility features 112 dock doors, 36 feet of clear height and sits on more than 34 acres of land. The property can accommodate parking for 356 vehicles and 250 trailers.

“We believe the Central Valley industrial market is poised for prolonged strength,” said Peter Mette, director of acquisitions at Westcore. “Pacific Distribution Center presented the opportunity to acquire a large-scale, Class A, brand-new industrial building, and enhance value through our leasing strategy.”

Colliers International’s Michael Goldstein and Ryan McShane represented the seller, while the buyer 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.

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