San Jose, Calif. (August 6, 2019) – Colliers International announces the recent lease of a ±90,229 square foot industrial building to Young’s Market Company, LLC.
The facility is managed by Industrial Property Trust Inc. and it was leased to Young’s Market Company, LLC a distributor of wines, spirits and select beverages. Young’s Market Company is a premier distributor of wines, spirits and select beverages in the western United States. They employ more than 3,000 people and operate in 10 states: Alaska, Arizona, California, Hawaii, Idaho, Montana, Oregon, Utah, Washington, and Wyoming.
5995 Hellyer Avenue is situated on ±9.33 acres and is located in South San Jose, with excellent Highway 101 access via Hellyer Avenue or Silver Creek Valley Road. This new state of the art warehouse and manufacturing facility features include ESFR sprinkler system, 32’ clear height, 1700 amps, 480-volt power, 20 docks, and 2-grade level doors.
Greig Lagomarsino, SIOR, Rick Keely, and Mark Sanchez of Colliers International represented the Tenant, while Dave Haugh represented the Landlord in this transaction.About Colliers International Group
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management. Learn more about how we accelerate success at corporate.colliers.com.