Orange County, CA – April 4, 2011 – (RealEstateRama) — Colliers International, the second largest global real estate services organization, recently negotiated three leases with the combined transactions values equaling $3.151 million. Chuck Wilson, senior vice president, based in Colliers International’s Irvine office, negotiated all three leases.
- The first transaction was for a 66,510-square-foot industrial property located at 7101 Cate Drive in Buena Park, Calif. The transaction is valued at $1.7 million. The property is a free standing building, completely refurbished by the ownership. Wilson represented the tenant, Adams and Sons Transportation, a La Mirada-based warehouse company. He has represented this tenant in five separate transactions in the past. The landlord, a Whittier-based company, Oltmans, was represented by Joe Milo from Inco Commercial Brokerage.
- Next transaction was for a 10,500-square-foot industrial property located at 525 Shepard, Anaheim, Calif. The transaction is valued at $700,000. The property offers outstanding frontage on the 91 freeway. The landlord was represented by Scott Seal of Lee & Associates. The tenant, The Bug Man, a pest control company, was represented by Wilson. “The Bug Man is relocating its corporate office from Fullerton to Anaheim for 91 freeway frontage exposure,” said Wilson. “The Bug Man has been in business in Orange County since 1958 and was voted People’s Choice for ‘Best of Orange County’ for both residential and commercial pest control.”
- The property located at 11042 Forest Place, Santa Fe Springs, Calif, is a freestanding, 24,000-square-foot industrial building, and this transaction is valued at $751,000. The landlord, represented by Wilson, is Polley Real Estate Rental, and the tenant, a Pittsburg-based refractories company, Harbison-Walker, relocated from Pico Riviera, Calif., was represented by Clif Fincher of Lee & Associates. Built in 1982, it will be used as a warehouse and distribution center by the new tenant.
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.
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
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angela.hwang (at) colliers (dot) com
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