Westcore based in La Jolla has acquired a Colorado warehouse for $23 million.
The company bought the 149,652 square foot Dove Valley Business Center building in Englewood from Brennan Investment Group, based in Chicago.
Westcore plans to add 1,000 square feet of office space to the building at 14101 E. Otero Ave.
The warehouse was 50% leased at the time of the sale.
The investment is consistent with Westcore’s strategy to acquire well-located, functional industrial properties in markets demonstrating attractive supply-demand dynamics,” said Ben Bucci, acquisitions associate at Westcore.
“Dove Valley Business Center is a Class A asset offering tenants a variety of suite sizes that align well with the current tenant demand landscape in the southeast Denver market,” Bucci said.
Bo Mills of JLL and Tyler Reed and Dominic DiOrio of Stream Realty Partners represented Brennan Investment Group.
Westcore represented itself.