Westcore JV buys in Silicon Valley

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A partnership between Westcore Properties LLC and Dividend Capital Total Realty Trust has acquired a two-building office complex in Milpitas, Calif., for approximately $14 million. The venture, known as TRT-Westcore California Circle LLC, gained 51,868 square feet of class A office space from seller Grifcar Partners, all of which is located on a 23.4-acre lot at 1521 and 1533 California Circle. At the time of sale, the property was fully leased to Harris Stratex and Patni Computer Systems. ...