On September 30, 2020, Westcore Europe finalized its purchase of the LVZ Logistic Building in Leipzig, Germany. Located at Druckereistrasse 1, 04159 Leipzig, Germany, the owner-occupied property has served as a state-of-the-art printing facility for LVZ Logistic GmbH to print its local publications. The property comprises a total leasable space of 17,057 square meters (183,600 square feet), with a gross area of nearly 30,000 square meters (323,000 square feet). There are also 251 parking spaces on the 5.9-hectare site.
The LVZ Logistic Building was developed from 1991-1993 by LVZ, with new printing machinery was installed in 2007. Prompting its sale, LVZ is consolidating its printing activities elsewhere, and will lease back a smaller space at the Leipzig property for logistics. Westcore Europe plans to upgrade, subdivide, and lease the remaining spaces.