San Diego’s Westcore Buys North Carolina Industrial Portfolio – – Connect CRE
California + San Diego + Industrial | September 1, 2022
Cushman & Wakefield has arranged the $37 million sale of Union Cross Industrial Center, a two-building industrial portfolio in Winston-Salem, NC. The firm represented the seller, Front Street Capital in the transaction, while the buyer was San Diego-based industrial specialist, Westcore.
“We are pleased to be closing our first acquisition in North Carolina and look forward to continued growth of our industrial base in the Carolinas,” said Westcore Managing Director Hack Adams. “A sincere thank you to both Front Street Capital and Cushman & Wakefield for their professionalism throughout the transaction.”
Union Cross Industrial Center consists of two Class A warehouses that are 140,000 and 200,000 square feet, and both properties were fully leased to two tenants at the time of sale. Key features include 32’ clear heights, auto and trailer parking options, ESFR sprinkler system and LED lighting.
Inside The Story
WestcoreCushman & WakefieldFront Street Capital
About Mark Nieto
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.
