X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SOUTH SAN FRANCISCO, CA-Colliers International has closed on the acquisition of a multi-tenant distribution building measuring more than 87,000 square feet. The building is situated on nearly 3 acres and located at 1200-1220 San Mateo Avenue in South San Francisco. IIT Acquisitions LLC, dba Industrial Income Trust, acquired the property for an undisclosed amount from Kelly & Tony Investment Company, LLC.

The deal represents the the largest industrial sale on the peninsula this year and represents Industrial Income Trust’s second acquisition on the San Francisco peninsula, Colliers said in a statement. The Colorado-based IIT has successfully expanded its portfolio in the San Francisco Bay Area to over 1,000,000 sq. ft. in a little over two years.  This transaction represents another strategic move in securing a core asset in this highly competitive market. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.