HAYWARD, CA., March 1, 2015 – Colliers International announced today that it has brokered the lease of 148,935 square feet of space at 30526 San Antonio Street in Hayward, CA on behalf of its client Rapid Displays (www.rapiddisplays.com).
A partnership between Lift Partners and Morgan Stanley (NYSE: MS) recently acquired the asset from ProLogis (NYSE: PLD) on February 29, 2016.
The property sits on 6 acres with 16 dock high doors, a 120’ truck court, ESFR and T-5 lighting.
The Colliers International team representing Rapid Displays included Executive Vice President, Greig Lagomarsino, SIOR and Vice President, Nick Ousman. “30526 San Antonio is a newly renovated building in the supply constrained market of Hayward that allowed Rapid Displays the ability to continue to expand and grow their business,” Ousman said.
About the Tenant
Rapid Displays, is an industry leader in retail merchandising display solutions. Founded in the 1940’s, Rapid Displays now occupies ±1 Million square feet of property in Chicago and the San Francisco Bay Area, and employees over 500 people to facilitate their global clientele.
About the Owner
Morgan Stanley (NYSE: MS) is a financial holding company. Through its subsidiaries and affiliates, the Company provides a variety of products and financials services to a group of clients and customers, including corporations, governments, financial institutions and individuals. The Company’s operating segments include Institutional Securities, Wealth Management and Investment Management.
Lift Partners is a full-service real estate investment company focused on the adaptive re-use and repositioning of commercial properties. Lift concentrates primarily on value-add, infill opportunities and opportunistic development along the West Coast. Headquartered in the Bay Area, Lift has a passion for taking underutilized properties and making great spaces. For more information on Lift Partners visitwww.liftrp.com
About Colliers International Group Inc.
Colliers International Group Inc. (NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.