Colliers International Completes $3.45 Million Industrial Building Sale in Santa Fe Springs, CA

LOS ANGELES, CA, Sept. 7, 2010 – Colliers International, the second largest real estate services organization globally, has completed the sale of a 32,006-square-foot industrial building at 13021 Arctic Circle in Santa Fe Springs, Calif., to Cerritos, Calif.-based GHI Group, LLC, a manufacturer of computer components, for $3,456,648.

With immediate access to the 5, 605 and 91 freeways, the state-of-the-art property was constructed in 2004 and features dock-high and ground-level loading, an ESFR sprinkler system, 24-foot clear height and heavy power.

GHI Group has plans to occupy the high-image building for the warehousing and distribution of its products, but is also considering leasing the building as an investment property.

“The buyer acquired this property both for its size, which allows for future company expansion, and its investment potential,” said Chris Sheehan (top right photo), director of industrial services in Colliers’ Torrance office. “This high-image industrial building also provided a unique opportunity for our client to own a quality piece of real estate in a market where the Class A inventory and opportunities are limited.”

Sheehan, along with Adam Deierling (lower left photo), vice president in Colliers’ Torrance office, represented the buyer in the transaction.

Dan Berkenfield of VOIT Real Estate Services represented the seller, Dodson, LTD., a private investor.

Contact: Megan Morales, Marketing & PR Coordinator, 949 724 5537, megan.morales@colliers.com