Industrial Property Trust Acquires ±266,825 SF 100% Leased Warehouse in Livermore

LIVERMORE, Calif., May 11, 2015 – Colliers International announced today the disposition of Greenville Business Center, a ±266,825 square foot Class “A”, multi-tenant warehouse/distribution building situated on ±14.02 aces at 7501-7551 Las Positas Road in Livermore, CA.

The state-of-the-art Greenville Business Center is 100% leased to three (3) tenants: Performance Food Group (Vistar), Transwestern Polymers, Inc. and Topp Shelf (dba UNITS) with leases in place through 2023.

Michael Lloyd, SIOR of Colliers International’s Pleasanton office and Greig Lagomarsino, SIOR of Colliers International’s Oakland office represented both the seller, Alere Property Group, and the buyer, Industrial Property Trust, in this transaction.

Constructed in 2000 by Opus West,  Greenville Business Center features ±27,453 square feet of office space, ESFR sprinklers, 30’ minimum interior ceiling clearance, 49 dock-high loading doors, 9 grade-level doors and 200’ minimum truck court depths,

“Industrial Property Trust is excited about expanding their portfolio in the Bay Area,” said Michael Lloyd with Colliers International who brokered the transaction. “This is a well-located asset especially with demand for institutional quality warehouse and distribution space at an all-time high in the surrounding submarkets (the I-880 Corridor and Central Valley).”

About Colliers International
Colliers International is a global leader in commercial real estate services, with more than 16,300 professionals operating out of 502 offices in 67 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate occupiers, 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. Colliers International has been recognized and ranked by the International Association of Outsourcing Professionals’ Global Outsourcing 100 for 10 consecutive years, more than any other real estate services firm.

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