I.M.T.T. of New Orleans Purchases 300 Cutting Blvd., Richmond

Richmond, Calif. – October 16, 2012 –Todd Severson, SIOR, Senior Vice President with Colliers International in Oakland and Ted Gallagher, Vice President with Cassidy Turley BT Commercial in Walnut Creek, together represented both the Seller, Suisun Properties, L.P., (Fairfield) and the Buyer, International Matex Tank Terminals of New Orleans, Louisiana(“I.M.T.T.”) in the sale of 300 Cutting Blvd., Richmond.  The property is strategically located on approximately 4.05 acres, waterfront, rail served, and Heavy Industrial zoned parcel of land in the Port of Richmond.  “It’s rare that well located, waterfront property with dock access come available in the Bay Area”, said Todd Severson, SIOR.

I.M.T.T. (http://www.imtt.com)  currently owns and operates the adjacent waterfront, rail served, tank farm facility and will utilize the subject site for expansion.

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. 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.

West Coast Commercial Real Estate News