Westcore Properties acquired a 98,000 ft² cold storage facility in Pleasanton, Calif., for $12.75 million. Westcore will invest in numerous upgrades throughout the Pleasanton property, including improving buildings systems, prior to its leasing efforts.

“Supply and demand continue to be out of balance in the industrial sector, including within the cold storage subset,” said Peter Mette, director of acquisitions at Westcore Properties.