Colliers International Negotiates 10-Year Lease Renewal Valued at $7.2 Million in Carson, Calif.

Carson CA – July 19, 2011 – (RealEstateRama) — Colliers International, the second largest global real estate services organization, has negotiated a 10-year lease renewal for a property 91,603 square foot building located at 2202 E. Del Amo Blvd., Carson, Calif. The renewal is valued at over $7 million.

Chuck Littell, and Reid Wilbraham, associate vice presidents, in Colliers International’s South Bay office, represented the tenant, Barton Brands of California, Inc. The landlord, AEW Capital Management, was represented by Bret Quinlan, senior vice president and John Schumacher, executive vice president, in CB Richard Ellis’ South Bay office.

“The tenant has been in the property since it was constructed in the early 1980s,” said Littell. “While they heavily considered moving to a new, larger facility, the economics of a renewal proved to be advantageous. “In the end, Barton was able to immediately reduce occupancy costs while receiving capital to improve the facility’s aesthetics and functionality.” added Wilbraham.

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
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www.colliers.com