ONTARIO: Colliers International Awarded 3.8 Million Square Foot Industrial Property Management and Leasing Assignment
Ontario, Calif. – Colliers International, the third largest global real estate services organization, has been awarded a property management and leasing assignment totaling nearly 3.8 million square feet. The firm will manage a Southern California industrial and distribution property portfolio which includes 18 facilities within the counties of San Bernardino, Los Angeles and Orange on behalf of Hawaii-based owner, James Campbell Company LLC.
“We selected Colliers International to manage our sizeable Southern California industrial portfolio because of the firm’s exceptional performance on two Campbell portfolios of similar size in Chicago and Atlanta. Colliers has delivered standardized integration with Campbell’s proprietary systems, access to a national network of real estate professionals and resources, and proven results in the management and leasing platform,” said Sydni Roberson, vice president of James Campbell Company. “The Southern California team’s on-the-ground knowledge of each of the markets within this portfolio is crucial to continuing the success of our institutional quality assets.”
Colliers International has assigned a talented management team of professionals to each asset in the portfolio lead by Matt Panebianco, a director with Colliers International.
“Each individual on the team offers customer service excellence as well as specific expertise and knowledge of the local market to maximize value for both the owner and the tenants,” said Eric Johnson, regional managing director with Colliers International.
Johnson added that Colliers International will create value through improved operations and efficiency including integrating its proven green building management approach through green audits, energy management, and other environmentally friendly operations.
“James Campbell Company made the strategic decision to assemble a large portfolio in Southern California,” said Kevin McKenna, executive vice president of the Ontario office for Colliers International who was instrumental in the portfolio transition to Colliers. “Over the last ten years the company has amassed approximately four million square feet of quality, state-of-the-art warehouses. The location is ideal to take advantage of the booming containerized import business from Asia into the Ports of Los Angeles and Long Beach. Currently, the vacancy rates remain low and absorption activity is very strong.”
The portfolio is currently 95 percent occupied and is located within one of the strongest industrial markets in the country. Some of the key tenants include Home Depot USA, Inc., CSC, Leapfrog, Tyco Electronics, and RockTenn.
About Colliers International
Colliers International is the third largest commercial real estate services company in the world with 12,500 professionals operating out of more than 500 offices in 61 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 valuation, consulting and appraisal services, mortgage banking and research. Commercial Property Executive and Multi-Housing News magazines ranked Colliers International as the top U.S. real estate company and the latest annual survey by the Lipsey Company ranked Colliers International as the second most recognized commercial real estate brand in the world.
Since 1908, Colliers has stood at the forefront of the Los Angeles real estate industry. Today, Colliers operates seven offices throughout Greater Los Angeles, including Downtown Los Angeles, Orange County, Inland Empire, South Bay, San Fernando Valley, Santa Clarita and Commerce. Follow us at www.twitter.com/colliersgla.
About James Campbell Company LLC
James Campbell Company LLC is a private, Hawaii-based, nationally diversified real estate company with assets including ground leases, office, retail, and industrial properties in Washington D.C., and 16 states across the U.S. The company is also the master developer of the new City of Kapolei on the island of O’ahu, Hawaii.