SIORs for Colliers International Complete Sale of Office/Flex to Bay Alarm

Concord, Calif.—March 14, 2016—Colliers International’s Fairfield and Walnut Creek offices, which cover Solano, Napa and Contra Costa counties, recently completed the sale of 5130 Commercial Circle to Bay Alarm. 5130 Commercial Circle is a 66,306-square-foot office/flex building located on a 7.75-acre campus in the North Concord Business Park.

Bay Alarm purchased the property, formerly occupied by Heald College, from Moraga Enterprises, LLC for $7.9 million or $119.14 per square foot. Phil Garrett, SIOR, executive managing director of Colliers International’s Fairfield office, and Eric Erickson, SIOR, senior vice president in Colliers International’s Walnut Creek office, represented both the buyer (Bay Alarm) and the seller (Moraga Enterprises LLC) in the transaction.

Bay Alarm has been providing residential and business property security in California since 1946, and is committed to the professional organizations that benefit California communities and are dedicated to keeping those communities educated, safe and protected.

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