Search
 

Walton Street Taps Colliers for 5M-SF Job

WALNUT CREEK, CA-Colliers International wins the property management and leasing assignments for the 95-building regional portfolio.

By Brian K. Miller | Updated on August 07, 2007

WALNUT CREEK, CA-Colliers International said Tuesday it has won the property management and leasing assignment for the 4.8-million-sf Bay Area portion of the 23.5-million-sf CalWest Industrial portfolio Walton Street Properties picked up in July for $2.8 billion. This one-year renewable assignment is the largest single portfolio Colliers International has taken on as a company since its inception in 1999.

Colliers SVP and managing partner Michael Strle tells GlobeSt.com the Bay Area portfolio consists of 95 office, flex, and industrial buildings housing 550 tenants. Vacancy in the portfolio is about 5%.

“It’s a very management intensive portfolio,” Strle says. “It’s an important assignment for us as a firm and for Walton Street s an investment. It’s gone quite smoothly so far.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 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.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.