Hayward, Calif. – December 14, 2012– Colliers International Oakland Industrial team is pleased to announce Gillig has completed the acquisition of the former Caterpillar Parts Distribution Facility located in Hayward. The warehouse and office property totals ±108,700 square feet and is situated on 6.52 acres of land. The property is located at 25972 Eden Landing Road and is freeway visible from Highway 92 east of the Hayward/San Mateo Bridge. Kevin Hatcher, Mark Maguire, and Greig Lagomarsino, SIOR of Colliers International’s Oakland office represented the Buyer, Gillig, in this transaction. Jay Hagglund of Cassidy Turley represented the Seller, Caterpillar, Inc.
Colliers International Oakland Industrial team also recently completed ±101,376 square foot warehouse sale of 26599 Corporate Avenue in Hayward. The warehouse sits on 4.40 acres and was built in 1986 by Balch Enterprises and features a concrete fenced and paved yard, upgraded sprinkler system, insulation and 14 dock high doors. “Demand remains very strong for both institutional investors and users for well-located industrial property in the I-880 corridor and we anticipate this trend continuing into 2013” said Kevin Hatcher, who represented the Seller, Marfred Industries, along with Mark Maguire and Greig Lagomarsino in this transaction. Joe Yamin and Chet Barney of Colliers International represented the Buyer, Well Luck, Co.
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Colliers International is the third-largest commercial real estate services company in the world, with over 12,300 professionals operating out of more than 520 offices in 62 countries. A subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), it focuses on accelerating success for its clients by seamlessly providing a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International the top U.S. real estate company. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.