Colliers International Negotiates Two Leases totaling 623,758 Square-Feet and $13.475 million in transaction values in Ontario, Calif. and Rancho Cucamonga, Calif.

Ontario, CA – March 31, 2011 – (RealEstateRama) — Colliers International, the second largest global real estate services organization, recently negotiated the seven-year lease for a 411,458 square-foot industrial building located at 3601 Jurupa St., Ontario, Calif. valued at $10 million and another 63-month lease for a 212,300-square-foot industrial building located at 9545 Santa Anita Avenue, Rancho Cucamonga, Calif. valued at $3.475 million.

Steve Bellitti, executive vice president, Tom Taylor, executive vice president, and Summer Coulter, associate, all based in Colliers International’s Inland Empire office, represented the landlords in both transactions.

• The property located at 3601 Jurupa St. in Ontario, Calif., Ontario Distribution II, was built in 1997 and was formerly occupied by California Hardware.  It recently underwent a major renovation with T-5 lighting throughout the building, new interior/exterior paint and office renovations. It will be used as a warehouse by the new tenant. The landlord was a Orange County-based investment company ,Sares Regis Group. The tenant, Pacific Coast Warehouse Co., was represented by Tim O’Rourke, executive vice president at Jones Lang LaSalle.  “This property is one of the best buildings of its size in the Inland Empire from both a location and feature perspective,” said Taylor.

• The property in Rancho Cucamonga was built in 1989 and will also be used as a warehouse. It is a cross-dock building with drive-around capability, possible rail service, and 19 dock high doors with levelers and shelters.  Additionally, it has excellent access to I-15 & I-10 freeways. The landlord in this transaction was an Australia-based real estate company, Dexus Property Group, and the tenant, a Florida-based company, Tech Packaging, Inc. was represented by Jeff Smith, senior vice president, and John Seone of Lee & Associates in Ontario. “The Santa Anita transaction is another example of the continued strengthening of the Big Box market in the Inland Empire,” said Bellitti.

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
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