Monday, November 12, 2012

Colliers International Completes $2.44 Million Sale of Vacant Office Building in Tustin, CA



111 Fashion Lane, Tustin, CA
 TUSTIN, CA -- Colliers International, the third largest global real estate services organization, has completed the $2.44 million sale of an 18,120-square-foot two-story office building located at 111 Fashion Lane in Tustin, Calif.

Chuck Wilson and Blake Garrett of Colliers International represented the seller, Chu Family Trust.  Wilson and Garrett also represented the buyer, Americana Project One, LLC, an investment group.

“This property is in shell condition,” said Wilson, senior vice president with Colliers International.

Chuck Wilson
 “The buyer will utilize half of the building for an urgent care facility and office use, and lease out the other half of the building. The new owner plans to make substantial improvements to the property including build-out of speculative suites that can be modified to suit a variety of tenants.”

Colliers International is the third largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 countries. 

Blake Garrett
A subsidiary of FirstService Corporation (NASDAQ: FSRV;TSX: FSV and FSV.PR.U), the firm focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research.

Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate brand in the world.

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.


Contact:

Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224

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