Westcore Acquires 1.3M SF Industrial Portfolio In Livermore From BentallGreenOak & NewTower Trust For $326.8M

Westcore has purchased three industrial buildings in Livermore, including two leased by Tesla, for $326.8 million. These properties are part of the Oaks Logistics Center and have a total square footage of nearly 1.3 million square feet. The transaction involved the sale of the properties from BentallGreenOak and NewTower Trust to Westcore.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $326,800,000
• Square Footage: 1,398,100
• Price Per Square Foot: $234
• Market: Livermore
• Address: 201 Discovery Drive, 800 Atlantis Street, 801 Challenger Street

The buyer in this transaction is Westcore, with Marc Brutten and Don Ankeny representing the company. On the other side, BentallGreenOak and NewTower Trust sold the properties and were represented by Sonny Kalsi and Robert Edwards. The sale of these industrial buildings has allowed Westcore to expand its portfolio in Livermore and strengthen its presence in the market.