Colliers International Negotiates Sale of 34,321-Square-Foot Industrial Building in Woodland Hills, Calif.
Woodland Hills, CA – August 30, 2011 – (RealEstateRama) — Colliers International, the second largest global real estate services organization, recently directed the sale of a 34,321-square-foot industrial building located at 6033 De Soto Ave., Woodland Hills, Calif. to Sky High Sports a unique trampoline fun center for kids of all ages. The sale was valued at approximately $5.35 million.
The buyer was represented by John DeGrinis, SIOR, senior executive vice president, Patrick DuRoss, associate vice president, and Jeff Abraham, senior associate, all of TEAM DeGRINIS based in Colliers International’s Encino office. Jim McDonald of Group 100 represented the seller.
Sky High Sports was quite impressed with the highly desirable infill location due to its proximity to the entire San Fernando Valley and the surrounding upscale amenities in Warner Center. The expansion will help fill a void in the community for a family-friendly activity center.
“Sky High found tremendous success in the building we leased them in Camarillo in 2010,” said DuRoss “For their expansion into the San Fernando Valley, we looked at several alternatives that just weren’t the right fit. But when we saw this building, we thought it was the ideal location for Sky High.”
“This transaction also took some creativity in putting the deal together,” DeGrinis added. “We ended up structuring the purchase with the seller carrying back the note, which helped accomplish both parties’ goals.”
Sky High Sports is a unique trampoline fun center, designed and created for one purpose: To have FUN! Come and improvise! Whether you flip forward or flip backward, you will definitely flip out for Sky High Sports! You can free-bounce and do tricks all day, or you can join us for some of our organized activities, like our trampoline dodgeball. As long as you like to bounce, Sky High Sports is for you. Everyone is welcome. Come by for an hour or two and have some fun. Unlike home trampolines, with our specially designed, spring loaded frame, landing here has more give. All frames and springs are covered by 2 inch thick safety pads. With 360 degrees of trampoline walls and court supervisors, there’s no falling off this trampoline. For more information, visit www.jumpskyhigh.com.
TEAM DeGRINIS is a specialized group within Colliers International that provides consulting on industrial and R&D real estate requirements in the Ventura County and San Fernando Valley. With a combined 40 years of experience in the commercial real estate industry, TEAM DeGRINIS is a leader in sharing strategic local market insight and has completed more than $475 million in transactions over the past five years. For more information, visit www.teamdegrinis.com.
About Colliers International
Colliers International is the second 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
