Colliers International Negotiates Three Industrial Leases Totaling 68,670-Square-Feet in Oxnard, Calif.
Oxnard, CA – December 14, 2010 – (RealEstateRama) — Colliers International, the second largest real estate services organization globally, has negotiated three industrial leases totaling 68,670 square feet in Oxnard Calif.
- Nava Enterprises, Inc. leased a 21,323-square-foot industrial building located at 1601 Beacon Place. The value of the five-year lease is undisclosed. John DeGrinis, SIOR, executive vice president, represented the landlord, Marcus Adams Properties, along with Patrick DuRoss, associate vice president, and Jeff Abraham, associate, all of TEAM DeGRINIS based in Colliers International’s Encino, Calif., office. Michael Wax and Doug Wax of Industrial Park Associates represented the tenant, a packager and distributor of fresh produce.
- Worldwide Plastics Company leased a 28,815-square-foot industrial building located at 2260 Camino del Sol. The value of the 38-month lease is undisclosed. DeGrinis, DuRoss and Abraham represented the tenant, a distributor of plastic containers. Grant Harris and John Ochoa, SIOR, of Lee & Associates represented landlord, Rexford Industrial, LLC.
- Nutiva, Inc. subleased 18,532 square feet of industrial space located at 2201 E. Sturgis Road, Unit B. The value of the 31-month sublease is undisclosed. DeGrinis, DuRoss and Abraham represented both the sub-tenant, a distributor of organic foods, and the sub-landlord, DHL Express (USA) Inc.
“Our team focuses on analyzing current and anticipating future trends in the marketplace. With many industries still facing challenges in today’s economy it is difficult to find tenants that have clarity around their business let alone their expansion or relocation plans. Each of the companies that we recently transacted with is involved in the food/agricultural industry. Because they had more confidence in their business performance, they could commit to facility expansions,” said DeGrinis. “This industry still has the potential for growth.”
TEAM DeGRINIS is a specialized group within Colliers International that provides consulting on industrial and R&D real estate requirements in Ventura County and the 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 $425 million in transactions over the past five years. For more information, visit www.colliersmn.com/teamdegrinis.
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.
Contact:
Angela Hwang, Regional Marketing Coordinator
Greater Los Angeles, Colliers International
Tel: 213 532 3258
angela.hwang (at) colliers (dot) com
www.colliers.com
