Colliers International Completes 60,000-Square-Foot Shopping Center for $6.5 Million in Bellflower, Calif.
Bellflower, CA – November 30, 2011 – (RealEstateRama) — Colliers International, the third largest global real estate services organization, has completed a 60,000-square-feet shopping center named Rosewood Center located at the SWC of Rosecrans and Woodruff. The transaction is valued at $6,500,000.
Christopher E. Maling and David Maling, both Senior Vice Presidents based in Colliers International’s Downtown Los Angeles office, represented the Seller, AG/BP Rosewood, LLC. The Buyer was Bequer Investments, represented by Arthur Flores of CBRE.
Located on the Southwest corner of Rosecrans and Woodruff in the City of Bellflower, the center boasts national and regional tenants such as Carl’s Jr., Papa John’s Pizza and Healthcare Partners. The center was 30% vacant at the time of sale and created a value add opportunity through leasing and management for the new buyer.
“Rosewood Center was the fifth retail property we closed for this client and the last in the portfolio,” said Chris Maling. “Over 28 offers were generated leveraging the Colliers Retail platform.”
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 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.
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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
