Hayward, California – November 28, 2012 –Casey Ricksen SIOR, and Greig Lagomarsino, SIOR are pleased to announce the sale of 21105 Cabot Blvd.(“Property”), in Hayward. This is the LARGEST WAREHOUSE USER SALE along the 880 Corridor year-to-date. Uni-Tile and Marble will continue to occupy the Property and will expand into a minimum of ±145,000 square feet. There will be ±90,000 square feet to ±120,000 square feet available for lease at the property.
The +/-265,942 square foot warehouse is situated on approximately 11.2 acres that is gated and fenced. The partially leased warehouse includes 37 dock doors, one drive-in door and two office cores. “With interest rates at historically low levels and a shrinking supply of inventory, the owner/user activity remains very strong to acquire well located industrial assets in this key bay area submarket”, according to Casey Ricksen.
Casey Ricksen SIOR, Senior Vice President and Greig Lagomarsino, SIOR, Senior Vice President with Colliers International in Oakland represented both Emerik Properties (Seller) and Cabot Investments LLC (Buyer). Details of the transaction are undisclosed. Financing for this transaction was provided by Tom Signorelli with Westgate Financial.
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.