Ventura County
Colliers International has completed the sale of208,493-square-foot industrial property at 2900-2950 Madera Rd. inSimi Valley, CA, to Kingsbridge International Inc., animporter/wholesaler of housewares and giftwares. The transaction isvalued at $11.42 million. The two-building property is comprised ofa 135,683-square-foot distribution building and a72,810-square-foot office building. Kingsbridge will be relocatingto this location from their Chatsworth, CA headquarters, and willoccupy the distribution building. “Kingsbridge was attracted tothis property because the quality of the real estate and the pricepoint were incredibly attractive. Our client will operate itsbusiness from the 135,683-square-foot distribution building andwill lease the office building back to the seller, Bank ofAmerica,” says John DeGrinis, executive vice president, whorepresented the buyer in the transaction, along with PatrickDuRoss, senior associate, and Jeff Abraham, associate, all based inColliers International’s Encino, CA, office. Abraham adds that“Once Kingsbridge saw that the functionality, image, size andlocation of the distribution building were all exceptional for itsuse, they became very excited about this opportunity as aninvestment in Kingsbridge’s operations, as well as a great realestate investment opportunity.” Bank of America was represented byCushman & Wakefield.
San Diego
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