Colliers International Completes $2.383 Sale of an Industrial Building in Westlake Village, Calif.
Westlake Village, CA – January 31, 2011 – (RealEstateRama) — Colliers International, the second largest global real estate services organization, has completed the sale of an industrial building located at 3580 Willow Lane, Westlake Village, Calif. to Johnston Plumbing, a plumbing equipment company based in Ventura, Calif. The transaction is valued at $2.383 million.
Built in 1994, the property offers 16,144 square feet of space and is close to the 101 freeway.
The seller, a Santa Barbara-based family trust, was represented by Chris Itule, senior associate, based in Colliers International’s Encino, Calif. office and Jeff Albee, Senior Vice President, also based in Colliers International’s Encino Calif. office. The buyers, Garry and Linda Fishman of Johnston Plumbing were represented by Tony Principe, president of Westoaks Commercial Group.
“We were able to acquire strong price per foot for this property in this market,” said Itule. “This property is ideal for the buyers’ business and offers abundant space for them to build out.”
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