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Westcore Sells Industrial Park to PS Business Parks for $104M

PS Business Parks, Inc. acquired Hathaway Industrial Park, a fully-leased, 543,161-square-foot, multi-tenant office park in Santa Fe Springs, CA from Westcore Properties for $104 million. The deal ends Westcore’s 23-year hold on the asset

Westcore’s Hack Adams says, “This exceptionally well-located industrial park in the low-vacancy, mid-counties submarket of Los Angeles has attracted tenants partly because of its access to four major transportation corridors, proximity to a major population center and good street visibility. As a hands-on landlord, we have confidence knowing PS Business Parks is acquiring a well-maintained property with high-quality tenants.”

CBRE’s Darla Longo, Barbara Perrier and Eric Cox represented Westcore.

The 10 buildings cover 27 acres of land and are located at 11811-11831, 11947, 11975 E. Florence Ave., and 10510, 10513, 10545, 10551, 10604, 10631, 10637, 10702 Hathaway Dr.

*Photo credit: Cari Guerin

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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.

  • ◦Sale/Acquisition