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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
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The San Joaquin Partnership is a non-profit, private-public economic development corporation assisting business & industry to locate into San Joaquin County, California, including the Cities of Escalon, Lathrop, Lodi, Manteca, Ripon, Stockton and Tracy. Location and expansion services are provided directly to the company and/or indirectly to their site consultant or real estate brokerage
Wednesday, April 18, 2012
Central Valley Industrial Team Represents Equity Industrial Partners in Purchase of Stand-out Warehouse/Distribution Facility
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