San Diego-based Westcore Acquires Railhead Business Station.
Westcore, is a leading industrial real estate acquisition, development, and asset management firm headquartered in San Diego, has acquired Railhead Business Station in nor Fort Worth from a global real estate investment management firm. Terms of the deal were not disclosed.
The four-building portfolio of buildings is 519,905-square-feet, in the Meacham/Fossil Creek submarket. The complex is part of the 366-acre Railhead Industrial Park.
The single and multi-tenant industrial buildings, located at 401, 500, 600 and 800 Railhead Road, are 100% leased to 11 tenants. The buildings were constructed in 2000 and 2007.
“Railhead Business Station has a long record of strong occupancy because it’s centrally located with excellent access to transportation corridors, services and amenities,” said Westcore Managing Director Hack Adams in a statement. “Acquiring such a successful property in one of our nation’s premier industrial markets represents our investment strategy. We look forward to working closely with Stream Realty and our local DFW office to ensure continued success with our tenants at Railhead Business Station.”