Colliers International Completes 11,352 SF Office Lease with Personal Assistance Services Council of Los Angeles County at Gateway Metro Center in Pasadena, California

Pasadena, CA – March 5, 2012 – (RealEstateRama) — Colliers International, the third largest global real estate services organization represented Personal Assistance Services Council of Los Angeles County (PASC) in a 5-year, 11,352-square-feet office lease located at Gateway Metro Center. The Class-A office building is located at 3452 East Foothill Boulevard, Pasadena, Calif. The transaction is valued at $1.4 million.

Kevin Fenenbock, Senior Vice President and Shawn Salimian, Associate, both based in Colliers International’s Encino office, represented the Tenant, Personal Assistance Services Council of Los Angeles County, a public authority for in-home supportive services. The property owner, Gateway Metro Center, LLC was represented by Shadd Walker, Senior Vice President and Eric Solomon, Associate Vice President of Colliers International Downtown Los Angeles office.

“PASC was able to expand into a larger space as a full floor tenant in an institutional quality building in an excellent location with freeway visibility and Metro Gold Line/bus access. The minimal tenant improvement costs coupled with a lower load factor as a full floor tenant, ultimately led PASC to significant savings over their current location.” said Fenenbock. The new location’s close proximity to public transportation and increased accessibility throughout the building, will be beneficial for the seniors and individuals with disabilities that PASC serves.

Colliers International representing both sides of this transaction helped accelerate the negotiation process and allowed both parties to successfully execute this transaction within a narrow time frame.” said Salimian.

About Colliers International
Colliers International is the third-largest commercial real estate services company in the world with 12,500 professionals operating out of more than 512 offices in 65 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.

Since 1908, Colliers has stood at the forefront of the Los Angeles real estate industry. Today, Colliers operates seven offices throughout Greater Los Angeles, including Downtown Los Angeles, Orange County, Inland Empire, South Bay, San Fernando Valley, Santa Clarita and Commerce. Follow us at www.twitter.com/colliersgla.

Jennifer Hsieh
Regional Marketing Manager | Greater Los Angeles
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