Tuesday, August 30, 2011

Colliers International Negotiates Sale of 34,321-SF Industrial Building in Woodland Hills, CA



WOODLAND HILLS, CA, Aug. 30, 2011. – 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 (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 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.”

 For more information on Sky High Sports and Team DeGrinis, please visit www.jumpskyhigh.com and www.teamdegrinis.com.

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