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Colliers Brokers the $47.3M Sale of a Highly Desirable ±160K SF San Gabriel Valley Industrial Asset

11077 Rush Street_Hero

Los Angeles, Calif.  August 8, 2022 – Colliers today announced the sale of a 159,780 square-foot multi-tenant industrial building located at 11077 Rush Street, South El Monte, CA 91733, in the heart of the San Gabriel Valley. The property is 86% leased to six tenants, centrally positioned in a supply-constrained, high-demand area, providing strategic access to Southern California’s major transportation corridors and critical distribution and logistics hubs.

The seller, an investment venture led by San Juan Capistrano-based Birtcher Anderson & Davis, engaged the Colliers team for both the lease-up and sale of the property. “The Colliers team was instrumental in enabling us to complete the re-positioning, lease-up, and exit from this property in a shorter timeframe and at a higher profit than even our most optimistic business plan scenario,” said Bob Anderson, the company’s Co-Chairman.

Richard Schwartz, Joey Reaume, and Kelly Johnson teamed up with fellow Colliers’ industrial experts Chris Sheehan and Connor Reeves in brokering a $47,300,000 deal, wherein the group represented both parties. The buyer, EverWest Real Estate Investors, purchased the property from Birtcher, Anderson & Davis.

Recently renovated with extensive upgrades in 2021, the 11077 Rush Street building boasts individually metered distributed power, a large secure yard, five dock-high doors, nine dock positions, a shared mobile dock, private offices, and trash enclosures, landscaping, and a security gate with 24/7 access. 

 
 

 

Media Contact: 
Leanne Daly 
PR & Communications | Southwest Region
Leanne.Daly@colliers.com 
+1 760 930 7941 
 

 
About Colliers 
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $77 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at corporate.colliers.com, Twitter @Colliers, or LinkedIn

Related Experts

Richard Schwartz

Vice Chair

Los Angeles - Inland Empire

As a Vice Chair  for Colliers International in the Inland Empire, I specialize in the leasing and sale of industrial properties across the San Gabriel Valley and West Inland Empire submarkets. With more than 15 years of experience providing commercial real estate services, I’ve established a strong reputation as a trustworthy advisor with in-depth knowledge of local market conditions. Always keeping my clients’ best interests at the forefront of my methodology, I calculate trends and implement strategies that maximize results.

I joined the Colliers Inland Empire office in Ontario, California, in 2011. Prior to that, after having graduated from the University of California, Davis, I first began my commercial real estate career as an associate with Grubb & Ellis.

A dedicated father, I enjoy spending time with my wife and young children. I am also a driven competitor at heart, having completed seven Ironman triathlons. An advocate for my community, I enjoy giving back by participating in Big Brother Big Sister programs within Orange County.

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Joey Reaume

Executive Vice President

Los Angeles - Inland Empire

As an Executive Vice President for Colliers International in the Inland Empire, I specialize in the leasing and sale of industrial properties across the San Gabriel Valley and West Inland Empire submarkets.

Representing institutions, investors, developers and users, I advise my clients on transaction requirements that range from value-add investments and land development deals to NNN lease negotiations and institutional dispositions.

Since starting my career in 2013, I have quickly established a reputation as an opportunistic broker who actively seeks out new approaches to position my clients for success. Valuing strong relationships coupled with a forward-thinking attitude, I strive to maximize results for my clients’ by proactively presenting key market insights to provide value-add transactions.

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Kelly Johnson

Associate

Los Angeles - Orange County

As an Associate for Colliers, Kelly specializes in the sale and leasing of industrial assets across the Inland Empire, Orange County, and Greater Los Angeles region. Specializing in land development deals, capital markets, and value-add investments, Kelly represents users, institutions, investors, and developers in the acquisition, disposition, exchange, and leasing of industrial properties throughout Southern California. Kelly’s background in investment banking, operations, and financial analysis helps her maximize results for her clients and proactively position them for success. Her diverse experience coupled with her degree in Political Economy from Yale University allows her to provide unique market insights and execute on value-add strategies to ensure her clients achieve their goals.

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Chris Sheehan

Senior Executive Vice President

Los Angeles - El Segundo

Chris has been with Colliers International since 1996 when he joined as an Associate in the City of Commerce office.  Today, as Executive Vice President, Chris focuses on industrial real estate in the Greater Los Angeles market with an emphasis on port related logistics within the Los Angeles basin.

Since 1998, Chris has personally been involved in completing more than 1,500 transactions totaling over 42,000,000 square feet and $1.7 Billion in considerations.  In 2013-2019, Chris was given the Colliers Everest Club award, a designation given to the top 10% producers in Colliers North America.

Chris has been able to leverage his expertise to assist his clients with their real estate needs over a broad spectrum of product types and geographic areas. Chris represents both institutional and local owners, as well as national and regional tenants.  He has extensive experience in industrial investment, development and building and land sale transactions.

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Connor Reeves

Vice President

Los Angeles - El Segundo

Connor Reeves joined the team in October 2015 and plays a vital role in the team’s business development and marketing of projects. He has two years of experience at CBRE’s research department. 

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