Westcore, DRA Pay $600M For Industrial RE Portfolio

Law360, New York (December 21, 2012, 4:40 PM ET) -- In what experts are touting as the second largest U.S. industrial property deal for the year, Westcore Properties Inc. and DRA Advisors LLC have picked up an 11.1-million-square-foot industrial property portfolio for $600 million, the companies announced Thursday.

Scooping up the California-heavy portfolio from the JB Properties Co., whose principal passed away earlier this year, nearly doubles Westcore Properties' holdings and significantly bolsters its West Coast presence, according to a statement. It is also the biggest deal for the U.S. industrial market in 2012, according to...
To view the full article, register now.

DEWEY LIVE BLOG

Follow our exclusive coverage of the trial of the year:

Dewey Trial Day 34