Colliers International Completes $8.775 Million Sale of The Claremont Business Park in Claremont, Calif.
Claremont, CA – January 25, 2012 – (RealEstateRama) — Colliers International, the third largest global real estate services organization, has completed the sale of, The Claremont Business Park, located at 240-260 S. York Place, 700 W. Wharton Drive, and 759 W. Arrow Hwy in Claremont, Calif. The transaction is valued at $8,775,000. Built in 1988, The Claremont Business Park consists of five single-tenant buildings and one multi-tenant building with a total square footage of 69,428 on 3.86 acres. The project is 100% leased.
Lee A. McCullough, based in Colliers International’s Irvine office, represented the Buyer, a private investor. The Seller, Claremont Business Park LLC, was represented by Bob Griffith and Steven Ward of Grubb & Ellis.
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
