Hodgdon Group Represents Ashley Furniture with Collins Commercial to Acquire 439,000 SF in Colton, CA

Aaron Hodgdon of the Hodgdon Group, with Rick John of Collins Commercial, represented Ashley Furniture Industries in the purchase of two industrial buildings totaling approximately 439,000 SF in Colton, CA. The Hodgdon Group has represented Ashley Furniture Industries for the last 10 years on the development, purchase and leasing of over two million square feet of industrial & manufacturing space. End Quote

"This transaction is one of the largest user-sale transactions in Southern California this year," said Rick John of Collins Commercial.

Riverside-San Bernardino, CA (1888PressRelease) July 07, 2009 - The Hodgdon Group announced today that it represented Ashley Furniture Industries, Inc. in the purchase of two industrial buildings totaling approximately 439,000 square feet in Colton, Calif. "This transaction is one of the largest user-sale transactions in Southern California this year," said Rick John, Senior Vice President of Collins Commercial, Ontario, Calif.

John worked with Aaron Hodgdon, President of the Hodgdon Group, in representing Ashley in this transaction. David Consani, Executive Vice President, and Jim Koenig, Senior Vice President, with CB Richard Ellis in Ontario, Calif., represented the seller, Overton Moore Properties of Gardena, Calif.

The transaction consisted of a 312,000-square-foot building and a 127,000-square-foot building located on 19.3 acres in the Cooley Ranch Industrial Park in Colton. This expands Ashley's campus to approximately 1.4 million square feet total in the area. The Hodgdon Group has represented Ashley Furniture Industries for the last 10 years on the development, purchase and leasing of over two million square feet of industrial and manufacturing space, and is the exclusive representative for the Ashley Furniture Home Stores for retail real estate.

The Hodgdon Group is a full-service real estate brokerage, development and construction management company. As part of its brokerage practice, the firm provides Ashley Furniture and its other clients with a full range of due diligence review for entitlements and occupancy permits with local agencies and coordinates the preparation of inspection reports and building review.

For more information about the Hodgdon Group, please contact Aaron Hodgdon at 909.783.3020.

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