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Colliers International Sells Light Industrial Warehouse For $20,750,000 In Hayward, CA

OAKLAND, CA (December 7, 2020) – Colliers International has completed the sale of a Light Industrial project located at 3340 Arden Rd. Hayward, CA 94545 spanning 102,122-square-feet for $20,750,000. The purchase includes three multi-tenant light industrial buildings which were at 87 percent occupancy at the time of the sale.

Colliers Executive Vice President Greig Lagomarsino and Senior Vice President Nick Ousman represented both the seller, the Roxborough Group, and buyer, Berkley Partners, in the transaction. “The sale highlights the continued demand from Institutional Buyers for well-located Industrial product in the East Bay/880 Corridor market. Sale values have remained historically strong even with all the obstacles 2020 has thrown at the world,” said Ousman.

With sale prices remaining at historical highs, the team was able to leverage buyer demand within the industrial investment space to bring the best value to both of their clients.

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading diversified 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, Twitter @Colliers or LinkedIn.

Media Contact:
Solana Tanabe
Allison + Partners Northern California


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Greig Lagomarsino

Executive Vice President


As Executive Vice President in Colliers’ Oakland office, my brokerage practice specializes in the sales and leasing of industrial products along the I-880 & I-80 corridors as well as the Central Valley, primarily at the institutional and corporate level.

Having worked in the industrial sector for 30 years, I have been involved in more than $6 billion in real estate transactions, and I believe the breadth of my experience serves my clients in valuable ways.  I work diligently to bring a level of excellence and responsiveness to every aspect of my brokerage service.   I deeply value the long-standing client relationships I have developed over the years in the business, and get great satisfaction from being included as a valuable contributor to their team.

This is a dynamic and interesting time for Bay Area industrial real estate.  The emerging e-commerce industry and the level of demand for space has transformed the landscape of the business.  As the Oakland Industrial Team leader, I often collaborate with many exceptional colleagues here in Northern California as well as in other national organizations such as The Society of Industrial and Office Realtors (SIOR) and our National Logistics and Transportation Group.

Prior to joining Colliers in 1998, I worked at Cushman and Wakefield in Oakland.  In my free time, I enjoy golf, travel, yoga, swimming, and spending time with family and friends.  I am happy to support a number of important non-profit organizations including Aim High, Northern Lights School, U.C. Berkeley, and The First Tee of the East Bay.


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Nick Ousman

Senior Vice President



Nick joined Colliers International in early 2012 specializing in the sales and leasing of industrial properties along the I-880 corridor. He is passionate about developing strong, long term relationships and providing the highest level of customer service to accelerate the success of his clients.

Business and Educational Background

Nick graduated from UC Berkeley in 2011 with a BA in Communications. He started his collegiate career with a baseball scholarship at the University of San Diego before transferring to Cal.

Nick joined Colliers International in 2012 and has quickly developed in to a top producer in representing Tenants/Landlords on warehouse, industrial, and R&D properties throughout the Bay Area. In his time at Colliers Nick has worked on approximately $600 Million of total leasing transactions and $450 Million of total sale transactions. Nick’s extensive market knowledge has earned him a stellar reputations with his clients.

Personal Background

Nick is a Bay Area native and in his free time enjoys golfing and any sort of exercise in the outdoors.  

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