CHARLOTTE, N.C./PRNewswire/ -- Westcore Properties, LLC, has acquired a 455,750-square-foot manufacturing building on 51 acres at 6800 Solectron Drive in Charlotte, NC, 28262. (Charlotte night photo at right)The purchase price was $24,750,000 and the seller was Flextronics International USA, Inc. The Westcore Properties entity purchasing the building was Westcore Charlotte, LLC. Purchase financing was provided by Bank of America.
Flextroni
cs International USA will continue to occupy the building. Neil Johnson, director of acquisitions for Westcore Properties, said, "Flextronics' strong credit, combined with the long-term nature of the lease and low price per square foot, make this investment attractive."
cs International USA will continue to occupy the building. Neil Johnson, director of acquisitions for Westcore Properties, said, "Flextronics' strong credit, combined with the long-term nature of the lease and low price per square foot, make this investment attractive."Flextronics is a leading Electronics Manufacturing Services (EMS) provider delivering complete design, engineering and manufacturing services to automotive, computing, consumer digital, industrial, infrastructure, medical and mobile original equipment manufacturers.
Dan Hollingsworth and Steve Pace of CPS/CORFAC International represented both Westcore Properties and Flextronics International USA, Inc. in this transaction.
About Westcore Properties, LLC
Westcore Properties, LLC, is a private, entrepreneurial commercial real estate investment firm with institutional scale and capabilities that focuses on investing in markets within the Western United States. Formed in 2000, the company and its principals have invested in more than $2.2 billion in properties totaling in excess of 10 million square feet.
Westcore has a staff of experienced real estate professionals with a variety of specializations, who seek and acquire real estate investments that represent stabilized or value-added opportunities, and aggressively manage and/or reposition them to function more successfully in their environment.
Westcore is headquartered in San Diego with regional offices in Los Angeles, San Francisco, and Denver and a European office in Lausanne, Switzerland.
CONTACTS:
Neil Johnson
(415) 391-8400, Ext. 206 or
Dan Peoples (858) 552-1456
First Call Analyst: FCMN
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