May 4, 2012 > Westcore Properties acquires Central Plaza in Union City
Westcore Properties acquires Central Plaza in Union City
Submitted By Sandra Grove and Bryan Grove
Westcore Properties, a private real estate investment firm, announces that it has acquired Central Plaza, a 170,129-square-foot, three-building office, industrial and retail complex located in Union City for $13 million.
Westcore Properties plans to implement a number of capital improvements and upgrades to the project, which was built in 1988. It is located on a 10-acre site at 33300-33500 Alvarado Niles Rd., and 33508 - 33580 Central Ave.
"We have a strong track record of identifying value-add properties and implementing repositioning strategies to increase their marketability," said Neil Johnson, managing director with Westcore Properties. "The East Bay represents an area where Westcore looks forward to increasing its presence through aggressive acquisition programs."
For more information about Westcore Properties, visit www.westcore.net