Colliers International Completes $3.5 Million Industrial Property Sale in Rancho Dominguez, Calif.
Rancho Dominguez, CA – April 12, 2011 – (RealEstateRama) — Colliers International, the second largest global real estate services organization, completed the sale of a 27,052-square-foot industrial building located at 18618 S. Ferris Place, Rancho Dominguez, Calif. to a Inglewood-based importer, ILS Inc. The transaction is valued at $3.5 million.
Josh May, associate vice president, based in Colliers International’s Torrance office represented the seller, Ferris Place LLC, a private investor. The buyer was represented by Terry Reitz of Grubb & Ellis.
Built in 2007, this property boasts a 27,052 square foot state-of the-art building with 26′ clear height and 3 dock high doors. It will be used as ILS Inc.’s new headquarters.
“This deal was done at a record sale price for the area despite a tough real estate market. This is further evidence that there is still a strong demand for quality buildings in premium locations,” said May.
About Colliers International
Colliers International is a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries. As a subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), Colliers offers the stability of a strong financial partner and significant local ownership providing clients with accountability and enterprising real estate solutions. Colliers provides a full range of services to real estate users, owners and investors worldwide including: global corporate solutions; sales and lease brokerage; property and asset management; project management; hotel investment sales and consulting; property valuation and appraisal services; mortgage banking and insightful research. The Lipsey Company and National Real Estate Investor magazine ranked Colliers International as the world’s number two commercial real estate brand.
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.
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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
