OneCorp Buys Pinole Point Industrial Land in Richmond for Approx. $6.5MM

Colliers International, Pinole Point Business Park, OneCorp, Richmond, Bay Area,
Image courtesy of Lee & Associates
Colliers International, Pinole Point Business Park, OneCorp, Richmond, Bay Area,
Image courtesy of Lee & Associates

(EDITOR’S NOTE: According to public documents, the transaction closed on June 26, 2017 for approximately $6.5 million, according to tax documents reviewed by The Registry. The sale included four parcels totaling around 60 acres, however only about 26 of those can be developed. The buyer’s team was represented by Craig Hagglund and Ryan Davidson of Lee & Associated. Colliers’ team of Greig Lagomarsino and Todd Severson represented the seller.)

Richmond, Calif., July 11, 2017 – Colliers International announced today the disposition of a ±26 acres of land that comprised of six parcels located at Giant Road and Atlas Road, commonly referred to as Pinole Point Business Park – Phase III in Richmond, CA.

The ±26 acres of developable land of prime real estate is within the Pinole Point Business Park – Phase III. This property is centrally located, provides access to major highways, and close proximity to the Port of Oakland and San Francisco Bay Area region.

The property was acquired by OneCorp. Plans include construction of a 200,000-250,000 square foot industrial warehouse distribution building for Mattress Firm, as well as an additional 109,000 square foot industrial building available for occupancy in spring 2018.

The state-of-the-art industrial facility will have excellent access to I-580, I-80 and San Rafael-Richmond Bridge and include all modern building features.

Greig Lagomarsino, SIOR and Todd Severson, SIOR of Colliers International’s Oakland office handled the 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.
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