Union City, Calif., – Colliers International announces the acquisition of 33210 and 33170 Central Avenue in Union City, CA, by LBA Realty.
33210 Central Avenue is a +/- 110,000 square foot, high image advanced manufacturing building situated on 5.7 acres. The building, presently leased to Corning Inc.’s Axygen Brand division, features two-story executive style office area, a high identity / street front location, dock high and drive-in loading access, ample parking and significant power / building infrastructure improvements.
33170 Central Avenue is a +/- 32,720 square foot industrial / advanced manufacturing building situated on 1.56 acres. The property which is adjacent to 33210 Central Avenue is leased to Delta Pacific Products, a full service plastic injection molding and medical device contract manufacturer. Building features include: dock high and drive-in loading access, concrete tilt-up construction and significant electrical and building infrastructure improvements.
“The underlying fundamentals of both properties was attractive from the start. The combination of desirable core market location, quality construction and credit tenancies made this an attractive acquisition for LBA Realty and an excellent addition to their existing portfolio.” Said Rick Keely of Colliers International.
Greig Lagomarsino, SIOR, Executive Vice President and Rick Keely, Vice President of Colliers’ Oakland office managed this transaction.
About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting. Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. For the latest news from Colliers, visit Colliers.com or follow us on Twitter (@Colliers) and LinkedIn.