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...
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