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

Property Image
SOLD
$326,800,000
Marc Brutten
Donald H. Ankeny

California

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Industrial1,398,100 SF
Sold 09/06/2023
the dealplayerscompscontact
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SOLD

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

201 Discovery Dr Livermore, CA 94551, USA

See Similar Deals
Industrial1,398,100 SF
Sold 09/06/2023
Marc Brutten
Donald H. Ankeny
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$233
Total Square Footage:1,398,100 SF
Transaction Type:Sale

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.

Players

Marc Brutten
Westcore
Marc Brutten
15 deals$857.2M volume
BUYER
Donald H. Ankeny
Westcore
Donald H. Ankeny
7 deals$779.6M volume
BUYER

Details

SOLD
IMAGE: Sonny Kalsi, Elon Musk, Don Ankeny, Robert Edwards & Marc Brutten DATE: 09/06/2023 ADDRESS: 201 Discovery Drive, 800 Atlantis Street & 801 Challenger Street MARKET: Livermore ASSET TYPE: Industrial BUYER: Westcore (@WestcoreProperties) - Marc Brutten & Don Ankeny SELLER: BentallGreenOak & NewTower Trust - Sonny Kalsi & Robert Edwards SALE PRICE: $326,800,000 SF: 1,398,100 ~ PPSF: $234 NOTE: Westcore has purchased three industrial buildings in Livermore, including two leased by Tesla, for $326.8 million. These properties, part of the Oaks Logistics Center, total nearly 1.3 million square feet and were acquired from BentallGreenOak and NewTower Trust.

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