May 14, 2015, Livermore, CA – John Hone of Colliers International, represented Tri Valley Learning Corporation (‘TVLC’) in their recent purchase of an 80,000 square foot class A, office building at 3090 Independence Drive, Livermore for an undisclosed amount. The seller, Balch Enterprises was represented by Lee & Associates. TVLC operate charter schools in Livermore, Stockton and San Diego. “This is the final piece of the puzzle for the Livermore Charter School, having previously purchased the adjacent sixteen-building office park for its Kindergarten through 8th grade school in 2012”, stated John Hone.
This recent purchase has been in the works for several years and will house high school students from the K-8 campus as well as International students. The land between the two campuses is intended for sport field use.
“Our latest recession provided opportunities for non-profits like TVLC to enter into the commercial real estate market as traditional investors and users were frozen out by the severe lending restrictions of banks and other lenders. This latest transaction’s success reflects the ambition and progressive thinking of TVLC under the leadership of CEO, Bill Batchelor.” John Hone adds, “This sale is the latest of several significant transactions in West Livermore that have reduced vacancy there to under 10%”.
John Hone, VP of Colliers International represents east bay property owners and businesses in leasing and sale assignments. [email protected]olliers.com, (925) 227-6239.
Tri Valley Learning Corporation: Since 2005, TVLC has been providing all families seeking high quality education in the Tri-Valley area and throughout California, a sought-after alternative to the low-performing schools in local districts.
TVLC will use innovation in education research, to design, create and operate world-class, exemplary charter schools that encourage and enable every student to reach his or her full potential as a scholar, a citizen and a life-long learner.
About Colliers International Colliers International is a global leader in commercial real estate services, with over 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most recognized commercial real estate firm in the world.
For the latest news from Colliers International, visit colliers.com/us/news or follow us on Twitter: @ColliersIntl.