KERN COUNTY, CA — Colliers International, the second largest real estate services organization globally, has negotiated the disposition of a 351,723-square-foot single tenant, fulfillment and distribution center at the Tejon Industrial Complex I(top left photo)n Kern County, Calif. to a New York City- based institutional group.
The property is situated within the industrial complex at Tejon Ranch, located in the City of Lebec in Kern County.
Tejon Ranch is a master-planned development located at the heart of California’s north-south connection, just north of Los Angeles near Interstate 5.
The industrial property is 100 percent leased to Brown Group Retail, Inc., a St. Louis, Mo.- based company operating a chain of footwear stores.
“This transaction evidences the investment market’s continued appetite for ‘yield’,” said John DeGrinis (top right photo), SIOR, executive vice president, based in Colliers International’s Encino, Calif. office, who represented the seller in the transaction.
“The property services more than 350 Famous Footwear stores west of the Rockies, and this investment offered the buyer a long-term income stream from a name brand tenant in Famous Footwear.”
Along with DeGrinis, Thomas Taylor (middle left photo), executive vice president, based in Colliers International’s Ontario, Calif. office and Patrick DuRoss (lower right photo), associate vice president, based in Colliers International’s Encino, Calif. office, partnered with Roy L. Splansky, SIOR, and Mark B. Goode, SIOR, of Chicago-based Venture One Real Estate in representing the seller, Clayco Inc., a full-service real estate development, design and construction firm.Contact:
Angela S. Hwang
Regional Marketing Coordinator
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
angela.hwang (at) colliers (dot) com
Regional Marketing Coordinator
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
angela.hwang (at) colliers (dot) com
Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
http://www.colliers.com/
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
http://www.colliers.com/
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