Pandemic Doesn’t Hinder Koll’s Growth Spurt
connect California | may, 6 2021
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By Lisa Brown | Within a nine-month span, The Koll Company completed more than $110 million in real estate investments and industrial growth throughout the western United States. The portfolio’s growth spurt reflects activity during a period when the global economy was grappling with severe economic challenges posed by the pandemic.
“Our company’s forward-looking acquisitions and market expansions signal our strong optimism and confidence in America’s continued economic rebound,” said Gerald Yahr, managing principal, The Koll Company.
The acquisitions and expansion added more than 700,000 square feet to The Koll Company’s multistate portfolio, which totals more than 4.5 million square feet. More than 3 million square feet of that total has been acquired in the last seven years alone.
In addition to the portfolio growth, the company’s recent activities expanded its market presence to two major markets, Salt Lake City and the Portland/Beaverton region. Nike is located at one of the newly acquired Beaverton properties.
The recent activity includes a joint venture between Koll and investment manager PCCP. The joint venture purchased a fully leased industrial portfolio comprising three buildings in West Sacramento and five buildings in Salt Lake City.