San Jose, Calif. (June 26, 2020) – Leading global real estate services and investment management company, Colliers International facilitated the sale of 68.6 acres of agricultural land owned by Uesugi Farms near Gilroy to KT Urban for $7.5 million. Senior Vice President, Dion Campisi and Executive Vice President, Jeff Barnes with Colliers International San Jose represented Uesugi Farms, while Broker Associate Jason Noble of Nino Real Estate represented KT Urban.
“Finding a buyer with the experience and capacity to handle a complex transaction and leverage the property’s features was crucial,” said Colliers Senior Vice President, Dion Campisi. “We received several offers and found KT Urban’s offer satisfied all parties involved.”
In acquiring the property, which is located at 1020 State Route 25 in Gilroy, KT Urban assumes ownership of 30 farmable acres, a 25,000-square-foot packing and cooling facility, 8,500-square-foot packing shed, an office building, cooler and pressure cooler.
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.