Of the transactions completed 22 involved office properties, 53 involved industrial properties, 17 involved retail properties, and 2 involved multi-family properties. Some highlights for transactions completed from September to December include:
In the office market, there was a lease transaction for Safeco Insurance at Shea Properties¹ VANTIS office development in the recently incorporated city of Aliso Viejo valued at $61 million and encompassing 120,000 sf of class A office space. A Colliers Seeley team of Tim Joyce, Kathe Morgan and Oliver Fleener represented the lessor, Shea Properties in the transaction. Colliers Seeley is exclusively listing the overall project.
With retail, there was the sale transaction of the Torrance Crossroads Retail Center in a transaction valued at $109 million and encompassing 492,233 sf of retail space. The center is located at 1101 Hamlin Road in the city of Torrance. Colliers Seeley¹s Bill Bauman, senior vice president, completed the sale on behalf of both the seller, AEW Capital Management, and the buyer, Pacific Coast Capital Partners.
In investment, the investment sale transaction of a high tech office park valued at $40 million and encompassing 208,182 sf of flexible office property. The office park is located near the city of Santa Barbara. Colliers Seeley's Michael Ross and George Eckard of Colliers International, San Francisco, represented both the buyer, First Virtual Partners, LLC, and the seller, Rockber Partners, LLC.
The company cites its success as combining its strategic position and long-standing reputation in the Southern California marketplace coupled with its International affiliations. Colliers Seeley keeps 13 regional offices located in the region employing more than 150 professionals.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.