Thursday, November 18, 2010

Colliers International Negotiates 43,700-SF Industrial Lease in San Fernando, CA



 Los Angeles, CA – Colliers International, the second largest real estate services organization globally, has negotiated the 87-month lease of a 43,700-square-foot industrial building at 250 Parkside Dr. (top left photo) in San Fernando, Calif., to Mygrant Glass Company, Inc. a Hayward, Calif.-based distributer of automotive glass products.

 Built in 1986, the free-standing building is located within Parkside Industrial Center, and features 24-foot ceiling, four dock-high doors and a fenced yard.  The building has modern amenities that were very important to Mygrant.

 “Mygrant Glass Company required a building with more functional space and higher ceilings than their current facility in Arleta.

“This property not only fit those requirements, it is also located within a short distance from their current operations,” said John DeGrinis (middle right photo), SIOR, executive vice president, who represented the tenant in the transaction, along with Patrick DuRoss, (middle left photo) associate vice president, and Jeff Abraham (lower right photo), associate, all of TEAM DeGRINIS based in Colliers International’s Encino, Calif., office.

 Innovision Property Group out of Salt Lake City, Utah, Mygrant Glass’ national exclusive representative, partnered with TEAM DeGRINIS to represent the tenant.

Douglas Wax of Industrial Park Associates represented the landlord, Oxnard, Calif.-based San Fernando Associates LLC, a real estate investment firm, in the transaction.

TEAM DeGRINIS is a specialized group within Colliers International that provides consulting on industrial and R&D real estate requirements in the North Los Angeles region.

With a combined 40 years of experience in the commercial real estate industry, TEAM DeGRINIS is a leader in sharing strategic local market insight and has completed more than $425 million in transactions over the past five years

For more information, visit www.colliersmn.com/teamdegrinis
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 Media Contacts:
Megan Morales, Marketing & PR Coordinator, Greater Los Angeles, Colliers International,Tel: 949 724 5537

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


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