IE Business Daily Business news for the Inland Empire.
Two industrial buildings in San Bernardino have been sold.
Westcore Properties, a San Diego-based commercial real estate investment firm, bought properties at 927 E. Ninth St. and 7776 E. Tippecanoe Ave. for an undisclosed sum, according to a statement released Monday.
The seller was The Bentall Kennedy Group in Toronto.
Westcore Properties represented itself in the transaction, while Cushion & Wakefield Ontario represented Bentall Kennedy.
Combined, the properties cover 1,025,324 square feet, according to the statement.
“The relative value of these buildings, leased by two strong tenants, appealed to us,” said Hack Adams, senior vice president at Westcore Properties, in the statement. “We’ve grown our eastern Inland Empire portfolio significantly and plan to expand into the western section of the county as well.”
Westcore Properties was founded in 2000. Since then the company and its affiliates have acquired and managed more than $4 billion in industrial and office assets that cover more than 45 million square feet, according to the statement.
