IRES QUICK FACTS
Formed in 2001, the IRES team of professionals possesses over 100 years in cumulative real estate experience and has advised its clients on billions in real estate transactions.
IRES CONTACT
Colliers IRES
865 S. Figueroa Street
Suite 3500
Los Angeles, CA 90017
Tel: 213.861.3320
Fax: 213.327.3320
info@ColliersIRES.com
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CLOSED PROJECTS: Selected Case Summaries
Strategic Advisory
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PROJECT: |
Convergys Corporation |
FINANCIAL ADVISORY |
| SIZE |
750,000 SF |
Colliers was engaged to implement the company’s HQ consolidation and relocation. IRES reviewed all potential financing alternatives for each occupancy alternative and assisted with the execution of the company’s acquisition financing. Colliers advisory efforts resulted in a facility reduction of more than 25% and savings exceeding $40 million. |
| VALUE: |
$156,000,000 |
| LOCATION: |
Cincinatti, OH |
| Download the Detailed Case Study |
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PROJECT: |
Department of Transportation |
BUILD-TO-LEASE |
| SIZE |
1.35 million SF |
IRES teamed with its joint venture partner, Knighthorse Corporation (Colliers/Knighthorse), to provide financial advisory services to GSA in connection with development of the new 1,350,000 square foot Department of Transportation Headquarters building in Washington D.C. The building was completed and occupied in 2007. |
| VALUE: |
$480,000,000 |
| LOCATION: |
Washington, DC |
| Download the Detailed Case Study |
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PROJECT: |
Judicial Council of California |
FACILITIES TRANSFER CONSULTING |
| SIZE |
642 court facilities |
Colliers IRES was engaged to assist the State Administrative Office of the Courts, related to the legislated transfer of over 600 individual Superior Court facilities, from County to State control. IRES provided a full spectrum of advisory services to include contract due diligence, site assessment, financial underwriting, acquisition process development and transfer negotiations. |
| VALUE: |
N/A |
| LOCATION: |
58 Counties in California |
| Download the Detailed Case Study |
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PROJECT: |
Roosevelt Roads |
LAND DISPOSITION ADVISORY |
| SIZE |
2,900 Acres |
The U.S. Navy engaged Colliers IRES to structure the parcelization and disposal of the former Naval Station Roosevelt Roads, under the Base Realignment and Closure Act (BRAC) and in accordance with federal real property disposal laws. The Caribbean property has significant environmental, political and entitlement issues which Colliers has had to navigate in order to fully implement its auction proceedings and close in 2008. |
| VALUE: |
TBD |
| LOCATION: |
Puerto Rico |
| Detailed Case Study Not Yet Available |
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PROJECT: |
United States Forces Korea |
LEASE PROCUREMENT/PROJECT FINANCING |
| SIZE |
144 Units |
The IRES “Team” provided sophisticated end-to-end lease procurement and financial advisory services for the U.S. Army, related to the 144-unit unaccompanied officer quarters Build-to-Lease (BTL) project located at K-16 Airfield in Seongnam, Korea. |
| VALUE: |
$25,000,000 |
| LOCATION: |
South Korea |
| Download the Detailed Case Study |
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PROJECT: |
Health Net of California |
CORPORATE HQ RELOCATION |
| SIZE |
335,000 SF |
Members of the IRES team were selected to assist Health Net on the 335,000 square-foot corporate headquarters consolidation and relocation in the greater Los Angeles basin. IRES created an analysis of multiple potential site and financing solutions, ultimately assisting in the negotiation and implementation of the ten-year BTL financing structure. |
| VALUE: |
$93,800,000 |
| LOCATION: |
Woodland Hills, CA |
| Download the Detailed Case Study |
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PROJECT: |
Puerto Rico Waterfront |
DEVELOPMENT CONSULTING |
| SIZE |
5.8 million SF |
The Puerto Rico Port Authority selected Colliers Development Solutions and IRES to assist in the end-to-end design and development its planned 5.8 million square foot world-class mixed-use waterfront property. Main responsibilities included master planning, infrastructure design, developer solicitation, financing procurement and project management. |
| VALUE: |
N/A |
| LOCATION: |
San Juan, PR |
| Detailed Case Study Not Yet Available |
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PROJECT: |
Eighth US Army |
BUILD-TO-LEASE PROGRAM ADVISORY SERVICES |
| SIZE |
4,000 Units Planned |
IRES developed master strategies and build-to-lease programs for both family and unaccompanied housing to prepare for the acquisition of housing on a leased basis. |
| VALUE: |
$1.3 Billion |
| LOCATION: |
South Korea |
| Download the Detailed Case Study |
Investment Sales
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PROJECT: |
BECHLER – 16411-41 Shoemaker Avenue |
INVESTMENT PORTFOLIO SALE |
| SIZE |
66,312 SF |
Bechler engaged IRES to assist with the disposition of its 66,300 square foot property, which was sold to its tenant, Uquality Auto Parts, as a user sale. Terms of the sale are confidential. |
| VALUE: |
Confidential |
| LOCATION: |
Cerritos, CA |
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PROJECT: |
AIC Fund IV |
INVESTMENT PORTFOLIO SALE |
| SIZE |
1,379,554 SF |
AIC engaged IRES to assist with the sale advisory and execution services regarding its Fund IV Portfolio. The portfolio consisted of primarily single-tenant net leased critical HQ and manufacturing facilities. IRES coordinated a rigorous pre-marketing due diligence process, designed to remove uncertainty surrounding environmental, credit and physical real estate concerns. IRES achieved a 17% premium to pre-marketing value estimates. |
| VALUE: |
$115,400,000 |
| LOCATION: |
11 assets in 10 states |
| Download the Detailed Case Study |
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PROJECT: |
AIC Fund V |
INVESTMENT PORTFOLIO SALE |
| SIZE |
2,100,000 SF |
Based upon the success of Colliers execution of its Fund IV sale, AIC engaged IRES to assist with the sale advisory and execution services regarding its Fund V Portfolio. Containing similar issues as Fund IV, Colliers successfully implemented its auction process for the benefit of AIC Ventures. |
| VALUE: |
$93,042,000 |
| LOCATION: |
13 assets in 9 states |
| Download the Detailed Case Study |
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PROJECT: |
Former MCAS El Toro |
PUBLIC ONLINE AUCTION |
| SIZE |
3,700 Acres |
The GSA engaged Colliers IRES to provide real estate marketing and disposition services for the sale of the former Marine Corps Air Station El Toro, in Irvine, CA. Branded as “Heritage Fields” during a two-year marketing effort, the property was sold in 2005 via public online auction. The transaction resulted in the most BRAC proceeds ever obtained and was hailed as the most successful BRAC disposal to-date. |
| VALUE: |
$649,500,000 |
| LOCATION: |
Irvine, CA |
| Download the Detailed Case Study |
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PROJECT: |
Ponte Vista |
PUBLIC ONLINE AUCTION |
| SIZE |
62 Acres |
IRES provided real estate marketing, disposition and auction administration services for the sale of the former San Pedro Navy Housing, San Pedro, CA. This complicated land sale was uniquely branded as “Ponte Vista” for marketing purposes. The resulting public online auction netted in excess of $2.3 million per developable acre and over 230% of Government sale estimates. |
| VALUE: |
$122,000,000 |
| LOCATION: |
San Pedro, CA |
| Download the Detailed Case Study |
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PROJECT: |
CIGNA |
MIXED-USED REDEVELOPMENT |
| SIZE |
6.25 Acres |
Connecticut General Life Insurance Company engaged IRES to assist with the disposition of their industrial facility (mixed-use redevelopment opportunity) located in Irvine, CA. IRES’ sophisticated auction approach to sell the environmentally contaminated property resulted in a timely close and proceeds represented $6.3 million more than CIGNA expectations. |
| VALUE: |
$21,350,000 |
| LOCATION: |
Irvine, CA |
| Download the Detailed Case Study |
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PROJECT: |
Flextronics, USA |
SINGLE TENANT NET LEASE |
| SIZE |
145,120 SF |
AIC Ventures engaged IRES to assist with the disposition of its 145,120 square foot property, leased for 12+ remaining years to Flextronics. Colliers IRES utilized its proprietary auction approach to sell the facility to an aggressive 1031buyer. |
| VALUE: |
$15,100,000 |
| LOCATION: |
Houston, TX |
| Download the Detailed Case Study |
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PROJECT: |
Spring Street Plaza |
ADAPTIVE REUSE |
| SIZE |
820,000 SF |
L&R engaged Colliers and IRES for the marking and disposition of Spring Street Plaza (branded by IRES), the largest adaptive reuse development opportunity in Downtown Los Angeles. |
| VALUE: |
$75,000,000 |
| LOCATION: |
Los Angeles, CA |
| Download the Detailed Case Study |
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PROJECT: |
Orlando Tradeport |
PUBLIC ONLINE AUCTION |
| SIZE |
177 Acres |
Similar to Heritage Fields, Ponte Vista and following in the footsteps of the Novato Land Exchange, the Department of Navy commissioned IRES to dispose of their 177-acre former Naval Training Center in Orlando, Florida via an online auction. |
| VALUE: |
N/A |
| LOCATION: |
Orlando, FL |
| Download the Detailed Case Study |
Structured Finance
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PROJECT: |
Fritz Companies |
PORTFOLIO SALE/LEASEBACK |
| SIZE |
1,174,000 SF |
IRES professionals assisted Fritz in the execution of a sale/leaseback of ten office and distribution facilities located throughout the U.S. Colliers structured and procured financing via a pooled-asset, long-term credit enhanced lease. The financing generated $59.7 million in net proceeds, while allowing Fritz to continue its long-term operational control of the critical logistics assets. |
| VALUE: |
$59,700,000 |
| LOCATION: |
10 Properties Nationwide |
| Download the Detailed Case Study |
 |
PROJECT: |
Ventura Distribution |
SALE/LEASEBACK FINANCING |
| SIZE |
77,100 SF |
Ventura engaged IRES to assist with sale/leaseback advisory and procurement services regarding its 77,172 SF headquarters and primary distribution facility located in Thousand Oaks, CA. Colliers IRES structured and executed this complicated transaction by taking advantage of purchase options contained in the original BTS contract. The acquisition netted over $2.0 million in excess proceeds to Ventura Distribution. |
| VALUE: |
$10,700,000 |
| LOCATION: |
Thousand Oaks, CA |
| Download the Detailed Case Study |
 |
PROJECT: |
Philips Petroleum |
SALE/LEASEBACK FINANCING |
| SIZE |
684,000 SF |
In November 2000, Phillips engaged IRES to execute a sale/leaseback of its 684,000 square foot corporate headquarters facility in Anchorage, Alaska. The transaction required several important structuring elements to ensure classification as an operating lease, while maintaining investor yield requirements and Philips cash flow and earnings benefits. |
| VALUE: |
$104,500,000 |
| LOCATION: |
Anchorage, Alaska |
| Download the Detailed Case Study |
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PROJECT: |
Wonderware Corporation |
BUILD-TO-SUIT FINANCING |
| SIZE |
120,000 SF |
IRES was exclusively selected to assist the Invensys (UK) subsidiary with its 120,000 square-foot corporate headquarters consolidation, relocation and project structured financing in South Orange County, CA. |
| VALUE: |
$29,700,000 |
| LOCATION: |
Lake Forest, CA |
| Download the Detailed Case Study |
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PROJECT: |
Great Western Bank |
PORTFOLIO SALE/LEASEBACK |
| SIZE |
510,200 SF |
Members of the IRES team were exclusively engaged by Great Western Bank to manage the sale/leaseback advisory and execution services surrounding 34 new and/or newly renovated retail banking facilities located throughout three states. |
| VALUE: |
$55,100,000 |
| LOCATION: |
34 Locations in CA, TX, & FL |
| Download the Detailed Case Study |
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PROJECT: |
RTRON LTD. |
SALE/LEASEBACK FINANCING |
| SIZE |
145,120 SF |
RTRON exclusively engaged IRES to assist with sale/leaseback advisory and execution services surrounding its newly developed corporate headquarters and primary manufacturing facility in Stafford, TX. |
| VALUE: |
$10,000,000 |
| LOCATION: |
Stafford, TX |
| Download the Detailed Case Study |
 |
PROJECT: |
AST Research Campus |
SALE/LEASEBACK |
| SIZE |
231,625 SF |
Upon Samsung Electronics completed acquisition of AST Research, a then challenged laptop computer manufacturer and marketer, a decision was made to sell the AST Corporate Headquarters Campus on a partial leaseback basis. Colliers IRES was hired to provide a full compliment of marketing and transaction implementation services. The IRES group’s early success ensured the company’s meeting a critical debt payment deadline. |
| VALUE: |
$36,250,000 |
| LOCATION: |
Irvine, CA |
| Detailed Case Study Not Yet Available |
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PROJECT: |
Abbott Bros. Development |
CONSTRUCTION FINANCING |
| SIZE |
342,000 SF |
IRES was exclusively engaged to represent Abbott in the procurement of $33.2 million in construction financing for a two phase speculative 342,000 square foot multi-tenant industrial/business park in Valencia, California. |
| VALUE: |
$33,200,000 Financing |
| LOCATION: |
Valencia, CA |
| Download the Detailed Case Study |
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