Monday, January 7, 2013

Colliers International Completes Four Sales Totaling Over $19.6 Million in Industrial Properties



9400 Norwalk Blvd., Santa Fe Springs, CA
TORRANCE, CA (Jan.7, 2012) Colliers International, the third largest global real estate services organization, announced today that in the month of December, the team of Chris Sheehan, senior vice president, Adam Deierling, vice president, and Nick Vranka, associate, have negotiated the sale of 4 industrial properties totaling over $19.6 million throughout the Mid-Counties region of Los Angeles.


1110 West Taft Ave., Orange, CA

The transactions represent a multitude of industrial needs and demands that Chris, Adam and Nick handle, including a unique property which was not on the market for sale and a property that received an offer before it was put on the market.

The recent transactions completed by Colliers International include:

12282 Knott St., Garden Grove, CA
                9400 Norwalk Blvd., Santa Fe Springs, CA - Sheehan, Deierling, and Vranka of Colliers International represented the seller in the sale of 9400 Norwalk Blvd.

This 62,302 SF industrial building with 12,000 SF of two story corporate image offices with prominent street frontage and a large fenced yard, was purchased by Superior Holdings LLC. for $6.1 million and will be used for their printing company, Superior Press.

 Jonti Bacharach, Wayne Lamb and Jeff Cecil of Cresa Partners represented Superior Holdings.

15040 Desman Road, La Mirada, CA
1110 W. Taft Ave., Orange, CA – The team along with Steve Schloemer of Colliers International’s Irvine office represented the seller in the sale of 1110 W. Taft Ave. for $6.05 million. 

The property, which was originally on the market for lease was approached by DMG Corporation, a custom HVAC equipment manufacturer, who offered to purchase the building for their corporate headquarters.

Chris Sheehan
DMG Corporation is consolidating its multiple offices and will expand its current operation within this building. 1110 W. Taft Ave. is a 66,821 SF industrial building with a large yard, heavy power, high image two story offices and abundant parking. Allen Buchanan and Steve Shatafian from Lee and Associates represented the buyer.

12282 Knott St., Garden Grove, CA – The team represented the buyer, Elite Screens, in the sale of a 56,000 SF industrial building for $5.1 million. Elite Screens had been in the market to purchase an industrial property and expand their distribution center for almost 2 years when they were approached by Sheehan, Deierling and Vranka. With the help of the team’s intimate market knowledge, they were able to show the buyer the ideal property before it was put on the market.

Adam Deierling
15040 Desman Rd., La Mirada, CA – The team, along with Bill Renwick of Colliers International’s Industry Office represented the seller, Desman Properties, in the sale of 15040 Desman Road for $2.3 million.

The buyer, L.A. Supply Company, was also represented by Colliers International by Brad Christian in the Irvine office. L.A. Supply Company, a textile distributor out of Santa Fe Springs, CA, will utilize the 16,649 SF building as a distribution facility for their expanding company. The property has a fenced yard, dock high loading and was completely refurbished at the time of the sale.

Nick Vranka
“We there will be more companies looking to acquire real estate in 2013 as a result of the improvement of the regional and national economy in conjunction with record low interest rates and strong SBA financing” said Chris Sheehan.

“Right now we are seeing an upward trend in corporate expansion and distribution, leading to lower inventory and increasing prices while properties continue to trade within the recovering market.”

Contact:

Chris Sheehan
 (301-381-2431).

Rainee Tiske
Marketing Specialist | PR GLA| Torrance, CA
Dir +1 310 381 2413
Main +1 310 381 1000

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