Colliers International Negotiates a 70-Month Lease Renewal Valued at $3.2 Million in Torrance, Calif.
Torrance, CA – June 15, 2011 – (RealEstateRama) — Colliers International, the second largest global real estate services organization, recently negotiated a 70-month lease renewal for a 91,906-square-feet building located at 2805 Columbia St., Torrance, Calif. The transaction is valued at $3.2 million.
Lary Carlton, senior vice president based in Colliers International’s Torrance office, along with Jerry Gillman from Grubb & Ellis, represented the landlord, a Calif.-based manufacturer of high quality luggage, Travelers Club Luggage, LLC. The tenant was Rapiscan Systems, Inc.
“Headquartered in Torrance, Calif., Rapiscan is a leader in airport security scanning in airports throughout the world,” said Carlton. “I worked with Jerry on behalf of the landlord to extend a long-term lease as part of Rapiscan’s ongoing growth plans within the area.”
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
