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Westcore Sells 114K-SF Industrial Facility

Westcore Properties sold a 114,655-square-foot industrial property in Plano, TX to Founders Properties LLC. The price on the asset, at 780 Shilo Rd. in Dallas’ northeast submarket, was undisclosed; it is assessed at $10.8 million. The San Diego-based seller had owned the property, which delivered in 2001, for more than 10 years.

The building in Research Technology Crossroads Business Park is 100% leased to Health Care Service Corp. (HCSC), an independent licensee of Blue Cross Blue Shield, and is sublet to Conduent Commercial Solutions LLC. Both lessee and sublessee are credit tenants, and the lease is scheduled to expire in 2023.

Jack Fraker, Ryan Thornton, Jonathan Bryan and Randy Baird with CBRE represented Westcore in the transaction.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

  • ◦Sale/Acquisition