Stockton, CA - Colliers International announced last week the sale of a ±756,000 square foot warehouse/distribution facility situated on ±47 acres and located at 18300 S. Harlan Road, Lathrop, CA, in the Crossroads Commerce Center. CenterPoint Properties Trust acquired the facility for an undisclosed amount from Equity Industrial Partners, a Needham, Massachusetts investment firm. Home Depot currently occupies the facility. Built in 2003, the building is a state-of-the-art Class 'A' cross load facility and features a ±13,500 square foot office, 32' clear height, ESFR, 148 dock high doors and 307 trailer positions. The building is expandable to over ±900,000 square feet. "This asset is one of the best industrial buildings in Northern California and is located at 'Main & Main' for industrial real estate in the Central Valley", says Mike Goldstein of Colliers International.
Mike Goldstein, SIOR, Managing Partner, Gregory O'Leary, SIOR, Senior Vice President and Wes Widmer, Vice President of Colliers International's Central Valley Industrial Team, represented Equity Industrial Partners in this transaction.
About Colliers International
Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 520 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it 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 the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.
Both Colliers and Centerpoint are Investors in the San Joaquin Partnership