Valencia, CA, Aug. 8, 2012. – Colliers International, the third largest global real estate services organization, has completed the lease renewal of a 165,141-square-foot industrial property located at 29011 Commerce Center Drive in Valencia, Calif. The 5-year lease is valued at over $6.3 million.
John DeGrinis (top right photo), SIOR, senior executive vice president, Patrick DuRoss (middle left photo), associate vice president, and Jeff Abraham (lower right photo), senior associate all based in Colliers International’s Encino office represented the tenant, Arvato Digital Services.
The landlord, Sares Regis Group, was represented by Craig Peters of CB Richard Ellis.
Arvato is a fully integrated subsidiary of Bertelsmann AG, the German publishing giant.
The building is state-of-the-art, constructed in 2000 and offers building features including 28-foot minimum clearance, 2000 amps of power, 20 dock high positions and approximately 30,000 square feet of high image office space.
Contact:
Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224
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