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Tuesday, January 06, 2009 Industrial
Associates with Colliers International have negotiated the $20.4 million sale of a 266,850 square foot industrial facility in the San Bernardino suburb of Redlands, Calif., from Oakmont Redlands Palmetto Ave., LLC. Clyde Stauff and Steve Calhoun represented the buyer, a private investor, in the transaction. Cushman & Wakefield negotiated on behalf of the seller. The industrial facility is located at 26940 Palmetto Ave., in Redlands, a town 10 miles southeast of San Bernardino. The building was vacant at the time of sale and features 2,800 square feet of expandable office space. A senior vice president with Colliers, Stauff has been with the firm since 1973. He was named a CoStar top broker in 2004 &'05 and recently brokered the $68 million sale of the Liz Claiborne distribution facility in Santa Fe Springs on behalf of a joint venture between Birtcher Development & Investments and Cornerstone Real Estate Advisers, LLC. Stauff received his B.S. in Business Administration from the University of Southern California. Calhoun is a senior VP with Colliers and is a member of the American Industrial Real Estate Association. He graduated with his B.S. in Accounting and Business Administration from the University of Southern California in 1977. Address: 26940 Palmetto Ave., Redlands, Calif. Size: 266,850 square feet Filed Under: Industrial E-mail this article to a friend | Printer friendly format| DIGG this| Post to del.icio.us Comments on this article
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