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California  + San Diego  + Industrial  | 
Westcore Secures $19M Financing for Texas Industrial Portfolio, CBRE Arranges Loan

Westcore Secures $19M Financing for Texas Industrial Portfolio

CBRE has arranged a $19.1 million fixed-rate loan on behalf of Westcore Properties, a San Diego-based commercial real estate investment firm. The financing was secured for the acquisition of Denton Point I and II, a pair of fully leased industrial buildings in the Dallas submarket of Denton, TX.

CBRE Capital Markets’ Debt and Structured Finance team of Mark McGovern, Colby Matzke and Brian Cruz in San Diego along with Scott Lewis, Matt Ballard and Gaby Llanes from Dallas arranged the 5.5-year loan. Westcore acquired the property from TA Realty.

“CBRE helped Westcore Properties acquire the two newly constructed buildings, and assisted them in their requirement for a quick close to meet the seller’s short due diligence period,” said McGovern.

Located at 451 S. Western Blvd., the two facilities total 242,000 square feet and feature 28 dock doors, 32’ clear heights and 125 parking spaces. They are fully leased to DHL, Lowe’s and Muenster Milling.


Inside The Story

Westcore PropertiesCBRE's Mark McGovernTA Realty

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.