Westcore Sees 116,000-SF Buy Poised for Recovery

SAN JUAN CAPISTRANO, CA-San Diego-based investment firm Westcore Properties has acquired a 40%-leased Orange County office property that it sees as positioned for the next market phase. The property, at 29122 and 29222 Rancho Viejo Rd., was called Mammoth Professional Office Park but has been renamed Westcore Executive Center. It is a two-building, 115,517-square-foot class A office park that was developed by Mammoth Equities as its headquarters, according to a GlobeSt.com report in December 2006.

According to Greg Erickson, principal of Southern California acquisitions for Westcore, the company “saw the project as an ideal asset that was well-positioned for the next market phase.” He cited its location as well as a design that “will continue to attract quality small- to mid-level corporations.”