Colliers International Completes $11.4 Million Sale of an 180,035-Square-Foot Industrial Building in Rancho Cucamonga, California
Rancho Cucamonga, Calif. – Colliers International, the third largest global real estate services organization, has completed the $11.04 million sale of an 180,035-square-foot industrial building located at 11167-11177 White Birch Drive Rancho Cucamonga, Calif. Built in 1983, the building is situated on 5.17 acres and is fully occupied by Steelscape and Puratos Bakery.
Mark Zorn, Richard Schwartz and Brad Yates of the Ontario office of Colliers International represented the buyer, Denver-based DCT Industrial Trust, an institutional investor and owner of industrial real estate. The seller, was Quagletti M J & P Trust, a private investor who was represented by Mike Quagletti with Industrial Realty.
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.