Livermore, Calif. – July 18, 2012 – Colliers International announces an approximately ±89,429 square foot lease transaction at 7501 Las Positas Road in Livermore. This is the largest lease transaction completed in the Tri-Valley year to date in 2012. The landlord, Alere Property Group, LLC, leased a portion of the larger ±267,413 square foot warehouse and distribution facility situated on ±14.02 acres. Two units totaling ±81,873 square feet remain available for lease at the Greenville Business Center.
The tenant, Trans Western Polymers, Inc, (www.twpoly.com), a privately owned Livermore-based bags and plastics manufacturing company was previously located just down the street at 6909 Las Positas Road before expanding into the Greenville Business Center. 7501 Las Positas Road will serve as Trans Western Polymers’ new regional warehouse and distribution facility. “This facility is one of the few state-of-the-art buildings in Livermore that features ESFR sprinklers” says Michael Lloyd, who represented the landlord in this transaction.
Michael Lloyd, SIOR of Colliers International’s Pleasanton office, and Greig Lagomarsino, SIOR, of Colliers International’s Oakland office represented the landlord, Alere Property Group, LLC and Mike Furay of Lee & Associates represented the tenant, Trans Western Polymers, Inc, in this transaction. The terms of the transaction remain undisclosed.
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Colliers International is a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries. Colliers provides a full range of services to real estate users, owners and investors worldwide including: global corporate solutions; sales and lease brokerage; property and asset management; project management; hotel investment sales and consulting; property valuation and appraisal services; mortgage banking and insightful research. Colliers Parrish International, Inc., dba Colliers International, is headquartered in San Jose and has 11 offices in California and Nevada. For additional information visit www.colliers.com