{"id":1004257634,"date":"2018-08-15T06:08:37","date_gmt":"2018-08-15T14:08:37","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004257634"},"modified":"2022-12-08T23:42:56","modified_gmt":"2022-12-09T07:42:56","slug":"westcore-sells-inland-empire-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/westcore-sells-inland-empire-industrial-asset\/","title":{"rendered":"Westcore Sells Inland Empire Industrial Asset"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004257646\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/WP-Cajon.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004257646\" data-attachment-id=\"1004257646\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/westcore-sells-inland-empire-industrial-asset\/wp-cajon\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/WP-Cajon.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon PowerShot ELPH 110 HS&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1402440209&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.3&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.004&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Cajon Distribution Center\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Cajon Distribution Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/WP-Cajon.jpg?w=800\" class=\"wp-image-1004257646 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/WP-Cajon.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/WP-Cajon.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/WP-Cajon.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/08\/WP-Cajon.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004257646\" class=\"wp-caption-text\">Cajon Distribution Center<\/p><\/div>\n<p>Westcore Properties has sold the Cajon <a href=\"https:\/\/www.commercialsearch.com\/news\/westcore-properties-nabs-industrial-portfolio-in-san-bernardino-ca\/\">Distribution Center in San Bernardino<\/a>, Calif., to DHL. The deal comes just one year after Westcore purchasing the property from Black Creek Group for $60.2 million and leased it to LG Electronics.&nbsp;DHL is set to occupy the space in phases, using the property to warehouse and distribute goods.&nbsp;<\/p>\n<p><em>\u201cWith Cajon Distribution Center, we started with a great building, made several marketable improvements and captured an opportunity that arose in a tight industrial market where demand outstrips supply, especially supply of modern and secure Class A distribution facilities,\u201d<\/em> Hack Adams, senior vice president at Westcore Properties, told <em>Commercial Property Executive.&nbsp;<\/em><\/p>\n<p>Located at 6207 N. Cajon Blvd., the 830,750-square-foot asset is situated on more than 35 acres. The Class A, cross-dock warehouse features 36-foot clear heights, 50-foot by 56-foot column spacing, sky lights, an 8-inch floor thickness, ESFR fire sprinklers, energy-efficient lighting, ample power capacity, two guard shacks, concrete truck yards and state-of-the-art dock packages.&nbsp;<\/p>\n<p><em>\u201cWe remain very bullish on the Inland Empire industrial market,\u201d<\/em> said Don Ankeny, president &amp; CEO of Westcore Properties, in a prepared statement.<em> \u201cWhen companies start making unsolicited offers, it\u2019s a powerful indicator of the supply-demand imbalance and makes it a great place to own industrial real estate.&#8221;<\/em><\/p>\n<p><em>Image courtesy of Westcore Properties <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DHL purchased Cajon Distribution Center in San Bernardino, Calif., only a year after Westcore acquired the 830,750-square-foot property from Black Creek Group.<\/p>\n","protected":false},"author":746,"featured_media":1004257646,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,34027,21783,21742,15],"tags":[38162,34163],"class_list":["post-1004257634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-inland-empire","category-investment","category-latest","category-west","tag-black-creek-group","tag-westcore-properties"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. 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