NORTHBRIDGE, CA, Dec.17, 2010. – Colliers International, the second largest real estate services organization globally, has completed the sale of a cold storage building located at 18425 Parthenia Place, Northridge, Calif., to Jels Parthenia LLC, owner of Ideal Meat & Provisions. The transaction is valued at $1.375 million.
Built in 1963, the property offers 11,400 square feet of cold storage, 1,700 square feet of office and 2,000 square feet of warehouse space. It also has four overhead doors with up to 16 feet of clearance. Jels Parthenia will occupy the space to operate their business, Ideal Meat & Provisions.
“The market is showing signs of a recovery,” said Jeff Albee (top right photo), senior vice president, based in Colliers International’s Encino, Calif. office, who represented the seller in the transaction.
“The tenant had previously occupied the subject property for many years and elected to acquire the property based on favorable market conditions and SBA financing terms. Additionally, there is a limited supply of cold storage space in the San Fernando Valley which heightened the demand for this type of property.”
Along with Albee, Jeff Gould, senior associate, based in Colliers International’s Encino, Calif. office also represented the seller. The buyer was represented by Bruce Simpson of Delphi Business Properties.
Colliers International Negotiates 13,716-Square-Footage Special Use Building in Woodland Hills, CA WOODLAND HILLS, CA, Dec. 17, 2010 – Colliers International, the second largest real estate services organization globally, has negotiated the five-year lease of a 13,715 special use building located at 6140 Variel Ave., Woodland Hills, Calif. to Living Waters of the San Fernando Valley, a Woodland Hills-based church.
The lease is valued at $1.058 million. The property was built in 1972 and offers plenty of space for the new tenant.
“We found an off-market space and negotiated with the owner of the building as well as a shared parking agreement with the owner across the street to meet the Warner Center Specific Plan (WCSP) requirements,” said Jeff Albee, senior vice president, based in Colliers International’s Encino, Calif. office, who represented the landlord and tenant in the transaction.
“With this new space, Living Waters of the San Fernando Valley can accommodate more people and double their congregation.”
Along with Albee, Jeff Gould, senior associate, Brock Burnett (middle left photo), associate, and Blake Lichtig, associate, all based in Colliers International’s Encino office, represented both the landlord, Image Works Entertainment, and the tenant.
For further information please contact:
Angela Hwang, Regional Marketing Coordinator
Greater Los Angeles, Colliers International
Tel: 213 532 3258
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