Westcore Properties has sold a 6,350,000-square-foot, Class A industrial property portfolio to San Francisco-based Stockbridge Capital Group for an undisclosed sum.

“We were pleased with the completion of this portfolio transaction to Stockbridge, which we strategically assembled over the past several years in primarily off-market transactions, at a notable gain for our shareholders,” said Westcore Properties’ chairman Marc Brutten.

With 26 assets across nine markets in five states, the portfolio is nearly 100% leased, despite many of the properties being vacant at the time of Westcore’s purchase. Westcore acquired all of the properties in the portfolio since September of 2016 and renovated nearly all of them.  The buildings’ tenants are primarily big-box and last-mile users.

“This sale demonstrates our business strategy,” said Don Ankeny, president and CEO of Westcore Properties. “We’re careful to select value-add properties where we can make a difference and return a premier asset to a thriving industrial market.”

The portfolio includes properties in:


927 E. 9th Street & 7776 E. Tippecanoe Ave., San Bernardino

22705 Newhope St., Moreno Valley

3834 Duck Creek Drive, Stockton

133 & 155 Mata Way, San Marcos

500-938 S. Andreasen Drive, Escondido

13915 Maryton Ave., Santa Fe Springs

2200-2300 Wilbur Ave. & 2110-2300 Wilbur Lane, Antioch

1627 Army Court, Stockton

4545 Qantas Lane, Stockton

1050 E. Grant Line Road, Tracy

5675 Sunol Blvd., Pleasanton


7037 W. Van Buren St., Phoenix


445 E. Glendale Ave., Sparks

550 Coney Island Drive, Sparks

960 United Circle Drive, Sparks

980 United Circle Drive, Sparks

1050 Spice Islands Drive, Sparks

1750 Purina Way, Sparks

940 Spice Islands Drive, Sparks

1277-1295 Spice Islands Drive, Sparks

750 Spice Islands Drive, Sparks

748 Spice Islands Drive, Sparks

700-742 Spice Islands Drive, Sparks

1259-1275 Spice Islands Drive, Sparks


4745 Amelia Earhart Drive, Salt Lake City


135 S. Mt. Zion Road, Lebanon

“We are very positive about the underlying market fundamentals for industrial property,” added Ankeny. “We’re continuing to work with our broker partners to identify and secure industrial properties in established and emerging markets where we can unlock value and continue to grow our business.”

Stephen Silk, Jay Borzi and Adam Pastor of Eastdil Secured represented Westcore Properties in the sale, while Stockbridge Capital Group represented itself.