Colliers International Subleases +62,000 SF Office/Warehouse in South San Francisco

240 Dollar Avenue in South San Francisco The Registry real estate

Redwood City, CA – Colliers International announced today the sublease of a ±62,000 square foot, office/warehouse building situated on ±3 acres and located at 240 Dollar Avenue in South San Francisco. Wingfoot Commercial Tire Systems, LLC subleased the property to 240 Dollar Avenue, Inc. This is one of the largest industrial lease transactions on the San Francisco Peninsula this year.

The new tenant 240 Dollar Avenue, Inc. has converted the building to a mini-warehouse facility with units ranging from as little as 200 sq. ft. to as large as 25,000 square feet. The site features secure, safe storage for industry or business, multiple dock and grade level loading positions, parking, sprinkler system, flexible lease terms and 24 hour security.

“This facility provides a unique product that the San Francisco Peninsula does not currently have”, said Mike Davis of Colliers International. “There is a gap in the market between mini-storage and small warehouse units. This building will fill that gap with units between 200 sq. ft. to 2,000 sq. ft. while also providing larger traditional sized warehouse units for tenant expansion.”

Mike Davis, Senior Vice President of Colliers International in the San Francisco Peninsula office represented the sublessee and co-represented the sublessor with JT Walker of Mohr Partners out of Dallas.

About Colliers International
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. Colliers International 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 magazine 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. For more information, please visit our Web site at. http://www.colliers.com/redwoodcity

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