Colliers brokers six industrial leases
Deals total 700,000-plus square feet across three states
By Inman News, Tuesday, March 9, 2004.Inman News®
Colliers Seeley International's Irvine office negotiated six industrial lease transactions totaling more than 700,000 square feet in southern California, Florida and Virginia
The six transactions have a combined value of $15 million.
In Orlando, Fla., Santa Ana-based BEHR Corp. signed a five-year lease agreement to expand its Southeast distribution operation to 161,000 square feet.
In 2003, Colliers represented BEHR in a five-year lease agreement renewal on a 147,910-square-foot distribution facility in Santa Ana, Calif.
Turner also represented Frieda's Inc., a specialty produce distributor in Los Alamitos, Calif., in the renewal of a five-year, 85,000-square-foot industrial lease agreement at 4465 Corporate Center Drive for $2.5 million. John Biven of CB Richard Ellis represented the building owner, Los Alamitos Corporate Center J.V.
In Foothill Ranch, Calif., CPU Protocol subleased a 170,000-square-foot industrial building from Celestica (NYSE: CLS) located at 25902 Towne Centre Drive for four-and-one-half years in a transaction valued at approximately $2.5 million. Colliers represented the sub-lessor, Greg Tippin. Rick Kaplan of Cushman and Wakefield represented the sub-lessee.
Milgard Windows Inc., one of the largest window manufacturers in the United States, signed a five-year, 82,000-square-foot industrial lease agreement in Fredericksburg, Va. Colliers represented Milgard in the negotiations.
In Santa Fe Springs, Calif., Colliers also represented Tyco/A&E Products on the lease agreement renewal of its 129,037-square-foot facility.
Colliers Seeley International, Inc. offers commercial real estate services throughout southern California, including Los Angeles, Orange, Riverside, San Bernardino and Ventura counties.
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