Sealed Air Corporation Relocates to Union City

Union City, Calif. – After thirty years in Hayward, Sealed Air Corporation (Tenant) is relocating from its+/-118,000 regional headquarters to a +/-38,000 facility located in Alvarado Business Park at 2877 Volpey Way in Union City. The company is downsizing and moving their production to a plant in Seattle. They will keep their warehouse/distribution operation in their new location. “Sealed Air has been a long term tenant in the area for over 35 years,” says Todd Severson, who represented the Tenant in this transaction.

Sealed Air Corporation (www.sealedair.com) is an $8 billion company with approximately 26,300 employees who serve customers in 175 countries. The Landlord was General Steamship International, Ltd.

Todd Severson, SIOR, of Colliers International in Oakland represented the Tenant and Greig Lagomarsino, SIOR and Sean Sabarese also with Colliers International in Oakland represented the Landlord. Terms of the deal are undisclosed.

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.

West Coast Commercial Real Estate News