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Former Site of Livermore Valley Charter School Sold To 13 Individual Owner-Users For $29,000,000


Amid a scarcity of owner-user supply, individually parceled office flex space sold to local unions, small businesses and startups

Livermore, Calif. November 5, 2021 – Leading diversified professional services and investment management company, Colliers, completed the sale of an 88,200 square-foot commercial site known as Montevina Business Park. Colliers’ Senior Vice Presidents Larry Easterly and Benjamin Harrison and the late Vice President John Hone were retained by Redwood Property Investors in August 2019 to market and sell the property’s portfolio of 13 freestanding, individually parceled buildings suited for commercial office and office flex. The team staged sales beginning August 30, 2019 and throughout the pandemic, reporting the sale of the final building in July 19, 2021.

“Redwood Property Investors came upon a rare opportunity to purchase the former charter school site and transform it into a highly attractive asset suited for office users,” said Easterly. “The fact that all 13 buildings have changed hands almost two years to the day after it was initially purchased and during a period in which office sales activity slowed considerably is extremely gratifying,” said Easterly.

Harrison added, “Redwood Property Investors was in the best position to purchase and market the property. Their well-funded reserve of capital and in-house construction capabilities added immense credibility and efficiency in getting the property ready for sale.”

Previously the site of the Livermore Valley Charter School, the bond holder, represented by Easterly and Hone, put the property on the market in August 2019 and selected Redwood Property Investors as the preferred buyer. The development initially included 16 buildings originally built in 2007. Two of these were purchased as offices for the Livermore School District and the other by a school. Redwood Property Investors purchased the remaining 13 buildings and pursued an individualized sales strategy from the outset. The buildings’ individual parcel numbers and varying sizes of 3,600-13,200 square feet were motivating factors for the seller.

The Colliers team of Easterly, Harrison and Hone worked with four different out-of-house brokers to sell eight of the 13 buildings and represented the remaining five. Within a month of acquiring the campus, Colliers facilitated the close of five properties.

“Redwood Property Investors was able to utilize our in-house project management capabilities to make the transformation from school to office park a success,” said Reid Settlemier, managing director of Redwood Property Investors. “With the expert advisory of Colliers, who helped us secure five buyers within 30 days of our close with the Livermore Valley Charter School, we were able to realize our vision by converting the property to an owner user office park which the market has responded to quite favorably.”

Redwood Property Investors approached the property from a value-add standpoint, investing over $1,500,000 in capital improvements over a five-month period. The seller’s in-house construction team completed light construction such as overhauling former gymnasium and play areas to create parking requirements, preserving existing landscaping and concrete and enhancing shared outdoor spaces.

The entire campus is now occupied by owner-users of varying industries and services including unions, startups, a notary, a childcare center, a music school and an emergency services training facility. Tenants began occupying buildings as soon as tenant improvements were completed.


Media Contact:

Solana Tanabe

Allison+Partners for Colliers Northern California


About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 26 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.6 billion ($4.0 billion including affiliates) and $46 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at, Twitter @Colliers or LinkedIn.

About Redwood Property Investors
Redwood Property Investors, LLC is a full-service real estate investment, development, and operating company. Based in Oakland, CA, with branch offices in Antioch, Stockton and Sacramento, CA and Houston, TX, Redwood Property Investors owns and operates a diversified portfolio of industrial & commercial properties across the Western US, along with its core focus of multifamily apartments in Northern California. Redwood Property Investors, LLC is a leader in transforming undervalued real property assets with a focus on creating quality investments through unparalleled rehabilitation and construction along with active management efforts.



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Larry Easterly

Executive Vice President

Walnut Creek

Larry joined Colliers from Grubb & Ellis Company, where he held the position of Senior Vice President, was a member of the Tenant Advisory Group and earned the distinction of Presidents Council appointee. Larry has 28 years of experience in the San Francisco East Bay commercial Real Estate arena focusing on Corporate Accounts, Tenant Representation, Investments and Development transactions totaling over three million square feet.

Larry is a member of CoreNet Global where he recently received his Master of Corporate Real Estate (MCR) designation. During his tenure at Grubb & Ellis Company, Larry was trained as a Corporate Account Manager and was instrumental in the origination of the Ernst & Young US LLP and development of the 7-Eleven account for the Pacific Northwest Region. In addition, he was responsible for establishing several regional accounts for the firm and provided the East Bay real estate services for Washington Mutual Bank and Met Life. Larry currently serves as an account manager for Mason-Mc Duffie’s lease portfolio of 34 offices and Lyon Real Estate portfolio of 17 offices.

Larry and his family live in Clayton where he devotes his free time to his two sons Charlie and John and his loving wife Marie. Larry enjoys golf, tennis, baseball and traveling.

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Benjamin Harrison

Senior Vice President


I have specialized in office brokerage for 15 years in the Oakland metro area, including Berkeley, Emeryville, Richmond and Alameda. Previously, I had built and sold my own company so when I moved to office brokerage I brought a concrete understanding of a tenant’s requirements and the importance of getting the real estate solution right in every respect, with present and future needs in mind.  

Having represented a wide variety of tenant clients, including tech firms, healthcare companies, professional firms, design companies and non-profits, I listen carefully to assess each client’s specific requirements, and work persistently to deliver quality solutions on time and on budget. 

For my landlord clients, whether I am leasing or selling an office property for them, my first priority is to be a source of accurate, comprehensive insight into the market.  I approach the marketing and negotiation for every deal like it is my own property, and bring a disciplined and determined approach to the entire deal.  It is my priority to keep my clients informed and engaged in the process as their deal unfolds and is completed.

Before joining Colliers in 2002, I worked in business development at Nominum, Inc.  I subsequently cofounded Interactive Public Relations, a high-tech PR firm, which my partner and I successfully sold to Omnicom.  My experience also includes working as regional sales engineer of construction products for WR Grace. 

Outside of work, I love to play golf and tennis.  I also serve as a board member for the Oakland Chamber of Commerce, and as a board member for East Bay Flag Football. 

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