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MM Invesco scoops up another West Sac industrial building, this one empty, as market sees signs of slowing

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Following through on a plan hatched months ago, publicly traded investment company Invesco Ltd. has scooped up a nearly 150,000-square-foot West Sacramento industrial building — for now, without a tenant.

"We're currently looking at adding some spec improvements," said Matt Lofrano of Colliers, who is listing the building at 3095 Mary Place with Hannah Crandall of Colliers. "There will definitely be a tenant, or multiple tenants, out there."

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Bob Shanahan

Research Manager

Sacramento

Bob entered commercial real estate at the start of 2015 at Colliers in Seattle/Bellevue and has more than seven years of commercial real estate research experience. A writer by nature, Bob is always trying to tell the story behind the numbers and go above and beyond to add value to his brokerage partners. Forever teachable and eternally curious, Bob strives to always be learning more while staying on the leading edge of market trends and remaining abreast of all pertinent real estate transactions and developments. Passionate about real estate and urban planning, Bob is dedicated to taking Colliers to the next level by providing market-leading thought leadership and trends analysis for his internal and external clients.. Bob is a natural-born storyteller, always digging into the statistics with unmatched nuance to craft a forward-looking narrative and outlook across the many sectors of commercial real estate he tracks.  

With extensive experience in office, industrial, multifamily, and retail research, and a developing competency in capital markets, life science, and healthcare/medical office, Bob assists brokers in the leasing and selling of property, providing best in class research support. He regularly provides market presentations for internal brokerage teams and external organizations. Bob focused primarily on the office and industrial markets in the Seattle/Puget Sound region from 2015-2017. From fall 2017 to early 2018, Bob was the office market research analyst at JLL in Sacramento with an emphasis on Downtown landlord-rep related research. 

Since May 2018, Bob has been back at Colliers in his hometown of Sacramento. Since mid-2018, Bob bas accelerated his career in the support of 40 brokers across the Capital City region. In late  2020, Bob was tasked with overseeing the Reno market while managing a new Research Analyst, and has taken on an increasing leadership role in the Northwest region, including leading the regional multifamily market report comprised of 10 markets from Northern California and Northern Nevada to Oregon and Washington. Bob has invested in his leadership development, recently completing the two year Management Development Program at Colliers in partnership with Harvard Business School and completing the year long Leadership Sacramento Class of 2021 through the Sacramento Metro Chamber Foundation.  

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Hannah Crandall

Transaction Manager

Sacramento

As a transaction manager, I recognize the most favorable and profitable strategies to maximize negotiation leverage and win the best economic terms for my clients, as well as position the assets for the highest returns should they choose to sell.

Having spent the last decade in the real estate industry, progressing from traditional residential transactions, distressed asset acquisitions, appraisal, and commercial real estate, I understand how to value investment properties from a multi-faceted approach. This unique background positions me to specialize in leasing and sales of industrial product with an emphasis on Landlord representation, acquisitions, dispositions and market analysis.

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Matt Lofrano

Executive Vice President

Sacramento

Industrial property owners throughout the Western region rely on Matt’s accountable, communicative, and forward-thinking approach to develop successful marketing and leasing strategies. From initial marketing campaigns through the successful sale or lease negotiations of their assets, Matt directly handles every aspect of the transaction cycle for the projects he is involved with. This experience has allowed him to also be an asset to the region’s institutional landlords as a consultant for new development. Matt focuses on the delivery of service excellence by leveraging his +20 years of market knowledge, offering consistent communication, and anticipating needs. His deep understanding of the challenges his clients face has proven to be instrumental in many completed lease & sale transactions and development projects.ough market insight, consistent communication, and a deep understanding of the challenges his clients face has proven to be instrumental in many completed lease & sale transactions.

Prior to re-joining Colliers as Executive Vice President, Matt served for eight years as Executive Vice President at JLL, ten years as a Senior Vice President in the industrial department at Colliers International, and three years at CB Richard Ellis.

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