Stockton, Calif., – Colliers International announced today the acquisition of a ±165,474 square foot warehouse/distribution space situated on approximately 10.15 acres and located in the Airport Gateway Center at 834 Performance Drive, Stockton, California.
The buyer, LS Auto Mall Development, Inc., dba Lifestyle Solutions (www.lifestylesolutions.com), a leading manufacturer of furniture for “the metropolitan home,” purchased the warehouse/distribution facility from US Cactus Stockton, LLC, dba Seefried Industrial Properties. The furniture company is headquartered in Fremont and still owns ±177,041 square feet at their previous location. Lifestyle Solutions is leasing their former warehouse space to an international technology distribution company. Although they have moved to Stockton, the furniture company plans to keep a portion of their offices in their Fremont location.
Lifestyle Furniture’s new warehouse features ESFR fire suppression system, 30’ interior clear height, 34 dock-high doors and 4 grade-level doors. The warehouse is in close proximity to BNSF & Union Pacific Railroad Intermodal facilities.
Greig Lagomarsino, SIOR, Executive Vice President of Colliers’ Oakland office along with Michael Goldstein, SIOR, Executive Managing Director and Gregory O’Leary, SIOR, Senior Vice President of Colliers International’s Stockton office represented the buyer along with Brian Matteoni, SIOR, Senior Vice President of CBRE’s San Jose Office. Kevin Dal Porto, Blake Rasmussen and Tyson Vallenari of CBRE’s Stockton office represented the seller.
About Colliers International
Colliers International is a global leader in commercial real estate services, with over 13,500 professionals operating out of more than 482 offices in 62 countries. A subsidiary of FirstService Corporation, Colliers International delivers 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 insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.