Newark, California – January 4, 2012 – Todd Severson, SIOR, Senior Vice President and Mark Triska, SIOR, Senior Vice President with Colliers International, represented Quality Quartz Engineering (“Buyer”) in the purchase of 8484 Central Avenue in Newark. The +/-39,644 industrial building situated on approximately 2.79 acres.
Quality Quartz Engineering (“QQE”) , is a leader in the design and manufacture of solid quartz products for the Semiconductor, Fiber Optic and Lighting Industries. QQE was established in 1995 and expanded its business again in 2004, offering repair and cleaning services to the semiconductor industry. http://www.qqe.com.
A year ago QQE leased the building and recently exercised their Option to Purchase from Catapult Properties, LLC (“Seller”). QQE is growing and expanding their square footage to accommodate an increase demand in the semi-conductor industry. “It’s an opportune time to purchase commercial properties, with prices some 30% off their highs coupled with the current historically low interest rates”, said Todd Severson, SIOR.
Craig Kovaleski and Eddie Shuai with Cassidy Turley/BT Commercial represented the Seller.
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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