PS Business Parks Completed Over 90,000 SF in Recent Lease Transactions

Oakland, Calif. – May 30, 2012 – Colliers International announces approximately 91,000 square feet in recent lease transactions completed by PS Business Parks. The six transactions range from 4,000 to 34,000 square feet, located in Oakland, San Leandro and Hayward along the I-880 Corridor.

In the most recent transaction, PS Business Parks leased ±33,696 square feet to Allmodular Systems, Inc. The new Tenant will be occupying a corner unit at 30973 Santana Street located in the Hayward Business Park.

Leadway International, Inc. also signed a new lease in the Hayward Business Park. They will be occupying a ±12,800 square foot interior unit located at 1508 Crocker Avenue. Nearby, Day-Lee Foods renewed their ±16,032 square foot lease at 1520 Crocker Avenue, also in the Hayward Business Park.

Two other PS Business Parks tenants that are remaining in their current spaces are Posiflex Business Machines and Mitsubishi Electrics & Electronics. Posiflex is in ±30,021 square feet and located at 30675-30695 Huntwood Avenue in the Hayward Business Park. Mitsubishi renewed its ±10,271 square foot lease at 7303-7307 Edgewater Drive in the Port of Oakland Business Center.

Lastly, Absolute Import USA has just signed a new lease for ±4,174 square feet at 1495 Doolittle Drive in the Doolittle Business Center located in San Leandro.

Greig Lagomarsino, SIOR and Rick Keely of Colliers International’s Oakland office represented the Landlord, PS Business Parks, in the lease transactions for Allmodular Systems, Leadway International, Day-Lee Foods and Posiflex. Lagomarsino, Mark Maguire and Kevin Hatcher, also of Colliers’ Oakland office represented the Landlord in the lease transaction for Absolute Imports.

About Colliers International
Colliers International is a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries. Colliers provides a full range of services to real estate users, owners and investors worldwide including: global corporate solutions; sales and lease brokerage; property and asset management; project management; hotel investment sales and consulting; property valuation and appraisal services; mortgage banking and insightful research. Colliers Parrish International, Inc., dba Colliers International, is headquartered in San Jose and has 11 offices in California and Nevada. For additional information visit www.colliers.com

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