SAN FRANCISCO (April 22, 2020) – Colliers International recently facilitated the closing of 4160-4170 Business Center Drive, a 38,692 square-foot light industrial warehouse and manufacturing building in Fremont, CA. Joe Yamin, senior vice president of Colliers International, represented the seller, while Century 21 represented the buyer, First Industrial. The property closed escrow April 15 at $9,125,000.
As recent shelter-in-place orders continue to drive demand for e-commerce and home delivery solutions, interest in industrial and supply chain real estate rises steadily. 4160-4170 Business Center Drive is considered an essential Bay Area property, built to accommodate a variety of uses, from manufacturing to last mile delivery services. The buildings are conveniently needed located near 680 and 880 freeways to accommodate supply chain needs.
“This sale amid current conditions confirms the demand is still very strong for high quality, infill industrial buildings,” said Joe Yamin.
About Colliers International Group Inc.
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning approximately 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.