Colliers International Leases 49,802 Square Feet in Pacheco, CA to Biocare Medical, LLC

Pacheco, Calif., April 29, 2016 – Colliers International’s Fairfield and Walnut Creek offices, which cover Solano, Napa and Contra Costa counties, recently leased a two building campus totalling 49,802 square feet at 60 Berry Drive and 114 Center Drive in Pacheco, Calif. to Biocare Medical. The facility is the current headquarters for Bay Alarm, who will be moving to 5130 Commercial Circle in Concord. Colliers International also facilitated the sale of 5130 Commercial Circle.

Biocare Medical is an innovator in developing and supplying world class automated immunohistochemistry instrumentation, and the full range of reagents for IHC lab testing. The company’s customers include clinical histology laboratories, pharmaceutical companies, CROs, and biotechnology companies as well as academic, government, military, and other non-profit laboratories. Biocare Medical is headquartered and has manufacturing facilities in Concord, Calif., and has a global distribution network.

Biocare Medical will use 60 Berry Drive for office and administrative functions and 114 Center Drive for manufacturing. Biocare Medical is consolidating from four buildings in North Concord to the two building campus in Pacheco owned by Balco Properties, Ltd. LLC.

Phil Garrett, Executive Managing Director of Colliers International’s Fairfield office, and Eric Erickson, Senior Vice President in Colliers International’s Walnut Creek office, represented both the tenant (Biocare Medical) and the landlord (Balco Properties, Ltd.) in the transaction.

About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 11 consecutive years, more than any other real estate services firm.

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