California

SANTA FE SPRINGS, CALIF. — Westcore Properties has purchased a 74,038-square-foot warehouse building in the Los Angeles submarket of Santa Fe Springs for an undisclosed sum. The warehouse is located at 13915 Maryton Ave. The purchase marks Westcore’s return to the Los Angeles industrial market after an 18-month hiatus. The firm plans to add about 5,000 square feet of speculative office space to the vacant warehouse building. It will also make limited upgrades to the existing structure. The asset is the only modern building of its size available along the 5 Freeway corridor that spans from the City of Commerce to the North Orange County marketplace, according to Scott Heaton, who, along with Chris Sheehan of Colliers International, represented both parties in the transaction. The seller was Bridge Development.

MIRAMAR, CALIF. — OnTrac has renewed its lease for an 84,000-square-foot industrial distribution property in the San Diego submarket of Miramar. The space is located at 7077 Consolidated Way. The facility was built in 1981. OnTrac has occupied this building for the past five years to support the company’s logistics and regional shipping services in the Western U.S. The renewal will also facilitate the company’s growth locally. Evan McDonald of Colliers International represented OnTrac in the lease transaction. The landlord is 7077 Associates LP.

SAN DIEGO — Realterm Logistics has purchased Bernardo Mesa Technology Center, a 180,946-square-foot warehouse in the San Diego submarket of Rancho Bernardo, for $60.5 million. The warehouse is located at 16550 Via Esprillo. The building is fully leased. Realterm Logistics is an owner and manager of high-flow-through logistics facilities serving the transportation industry. CBRE’s Louay Alsadek, Darla Longo, Barbara Perrier, Michael Kendall and Hunter Rowe were the investment advisors. The firm’s Brent Wright provided leasing market expertise.