Pleasanton, CA, 01/25/2017
– Michael Donnelly, SIOR
and Joe Yamin
of Colliers International, represented Exeter Property Group in their purchase of 13.5 acres of industrial land in East Livermore at the SEC of Greenville Road and I-580. The sale price was approximately $9M. CBRE, represented the seller, Chamberlin Associates in this recent transaction.
Michael Donnelly, SIOR states, "This is Exeter Property Group's third Livermore acquisition within the last 24 months. Exeter has acquired this particular 13.5 acres with plans to build a speculative, 260,000+ square foot Class 'A' Distribution Building. The site visibility (from I-580) along with the lack of quality product in the Tri-Valley make Exeter and their marketing team confident they'll find a quality tenant by the time building has been completed, or potentially before. We expect this project to be ready for occupancy in the 4th Quarter of 2017."
Exeter Property Group is a real estate investment manager focused on industrial single assets, portfolios and whole loans across the U.S. and Canada. "As hands-on operators, our experienced team of real estate experts acquires, develops and manages big-box warehouse, multi-tenant logistics and business park properties out of nine offices. Our combination of local execution and national scope allows Exeter to deliver superior real estate solutions to our tenants and to deliver superior risk-adjusted returns to our investors." Additional information provided by visiting, http://exeterpg.com
About Colliers International Group Inc.
Colliers International Group Inc.
(NASDAQ and TSX: CIGI) is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries
. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals'
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For More Information Please Contact
Michael Donnelly, SIOR
, Vice President
3825 Hopyard Road, Suite 195
Pleasanton, CA 94588
+1 925 463 2300