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Colliers Assists Bluerock Industrial Growth REIT on its Entrance into the Industrial Market

Eblast 900 Mattress

The three subject properties start Bluerock’s industrial portfolio.

Colliers is pleased to announce its involvement in Bluerock Industrial Growth REIT’s (“Bluerock”) recent industrial acquisitions, representing the firm in a two-building portfolio acquisition and selling an asset to them.

900 Mattress Factory is a 92,500 square foot industrial facility located in Mebane, North Carolina.  Colliers represented Southerland and Stanfield on the sale to Bluerock. This transaction led to Colliers’ assistance with Bluerock’s most recent acquisitions:

  • 2016 Cornatzer Road is a 216,000 square foot industrial facility located in Advance, NC.
  • 1429 Ault Road is a 47,000 square foot industrial facility located in Knoxville.

Bluerock is a New York based company with multifamily and residential properties across the United States. These purchases mark the start of its entry to industrial ownership.

“Bluerock’s entrance to the industrial market is emblematic of the pace of the industry as a whole,” said Larry Lakins, senior vice president. “As the industrial market continues to thrive, we expect the same for Bluerock’s newest assets.”

  

About Colliers International

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners, and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

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For more information, please contact: Caroline Thomas, 919-582-7940, caroline.thomas@colliers.com  


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Larry Lakins

Executive Vice President

Raleigh

As a Senior Vice President & Principal of Colliers International | Raleigh, Larry focuses on Industrial Project Leasing throughout the Triangle, Triad, and the coastal area of eastern North Carolina. His experience in the commercial real estate industry spans well over twenty-two years and encompasses services including industrial landlord and tenant representation, Investment Sales, and Real Estate Development. Prior to joining Colliers, Larry was with Cushman and Wakefield’s Industrial Services Group.

Larry has been acknowledged in the industry as a consistent top producer, He is recognized for his leadership roles in the real estate community, as he has served as the President of the Triangle Commercial Association of REALTORS (TCAR).   Larry has served as President of Hilltop Home a nonprofit intermediate care facility for children with developmental disabilities.   He currently serves as the chair of their foundation.

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Hunter Willard

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Hunter Willard, Senior Vice President and Principal of Colliers International, is a member of the Industrial Services team in Raleigh. With more than 13 years of experience, Hunter focuses on tenant and landlord representation, as well as investment and owner/occupier sales. He has achieved an excellent reputation among his peers and prospects for his commitment to service excellence. 

Prior to joining Colliers,  Hunter was on the Industrial team at Cushman & Wakefield. Hunter concentrated on landlord and tenant representation, where his responsibilities included client portfolio management, strategy and execution of commercial properties for lease and for sale, and corporate relocations and expansions for local and national clients. Hunter also previously worked in finance and sales as a commercial mortgage broker. His knowledge and experience affords him an extensive understanding of the banking and lending industries, which aids in providing clients with a full perspective and an advantage. 

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Andrew Young

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