Colliers International Completes $3.670 Million Multifamily Sale in South Pasadena, Calif.
South Pasadena, CA – February 9, 2012 – (RealEstateRama) — Colliers International, the third largest global real estate services organization, has completed the sale of a 13,324-square-feet property located at 601 Meridian Ave., South Pasadena, Calif. The transaction is valued at $3.670 million.
Han Chen, Senior Associate, based in Colliers International’s Downtown Los Angeles office represented the Seller, Meridian Kenwood, LLC.
“The quality of the asset and its excellent location attracted many qualified buyers to this property. We received eight offers, one all-cash within a two-month period,” said Chen. “Needless to say, The Buyer and Seller are very pleased with this transaction.”
The 21-unit property is located in the heart of South Pasadena within walking distance to downtown Mission district and boasts highly upgraded amenities including granite counter tops, hardwood floors and large private patios.
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 500 offices in 61 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 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.
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
angela.hwang (at) colliers (dot) com
Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
www.colliers.com
