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| 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.
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| 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:
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| 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.
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| 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.
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| 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.
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| 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.
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| 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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