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Colliers International Brokers Sell 40,136 Square-Foot Industrial Property in Newark, California

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OAKLAND, CA (September 15, 2020) – Leading commercial real estate professional services and investment management company, Colliers International recently brokered the sale of a 40,136 square-foot industrial building in Newark, California located at 8484 Central Ave. Colliers' Senior Vice President Todd Severson, SIOR represented the seller, QQE Properties LLC. The building was sold to Atum Biotechnology, provider of tools and solutions to life science researchers including gene design, optimization and synthesis, expression vectors, and platforms for protein and cellular engineering and production, for $8,830,000. Colliers and Brian Mason of Avison Young and Jeff Powers of Cushman & Wakefield, representing the buyer, closed escrow on the property on August 17, 2020.



"Not only has the industrial market shown incredible resiliency throughout the pandemic, owner occupied buildings are in strong demand" said Severson. "It was a pleasure working with QQE Properties to position the property with Atum as an opportunity expand operations their operations from nearby headquarters."

8484 Central Ave. is a freestanding industrial building located in a business park near the Dumbarton Bridge. Tenant improvements to convert the property into a lab and office space are underway.

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Media Contact:
Solana Tanabe
Allison + Partners Northern California
ColliersNorCal@allisonpr.com


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Todd Severson

Executive Vice President

Oakland

I am an industrial market leader in the San Francisco East Bay area specializing in the disposition, acquisition, and leasing of distribution, manufacturing, & e-commerce warehouse properties. Focused on the San Francisco East Bay, I advise the region’s leading institutional owners and occupiers with their complex real estate challenges. After 30+ years in commercial real estate, I find the work more interesting than ever as the industry continues to evolve in unprecedented ways.

My clients are enterprising professionals who inspire me to bring the same standard of excellence to the services I provide.  Over my career, I have been involved in more than $2 billion in transactions for clients such as Prologis, UPS, Black Creek Group, and LINK Industrial. 

As a fiduciary to my client, my priority is to thoroughly understand their needs, concerns, and goals, allowing me to adeptly anticipate needs, mitigate risk, and creatively problem solve. Whether representing a landlord or occupier, my responsibility is to find the smartest, safest, and most profitable solution for my client--delivered with efficiency and transparency. 

As demand for Bay Area industrial space continues to grow, it is essential for me to stay abreast of technological advances and remain curious about the evolving industry trends.  Actively involved in the SIOR Northern California chapter, I engage often with thought leaders in the brokerage industry across the country.   I value this collaboration and the culture at Colliers allows me to join forces with some great people in markets across the US and beyond.

Outside the office, I enjoy outdoor actives, biking, skiing, and golf.  I have been involved in many community activities in Layette where I live with my wife Pam and two children.  

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