Colliers International Secures Listing on World’s Busiest Port

Local Brokers Responsible for Marketing to Kansas City-based Companies

Kansas City, MO, June 23, 2007 – Colliers International announced its appointment as the exclusive global real estate partner for the Lingang Industrial Zone, under development by the Shanghai Lingang Economic Development Group.  The Lingang project encompasses all land connected to the new port of Shanghai and will also serve as a preferred location for both domestic and foreign manufacturers.  The new Yangshan deepwater port is poised to become the world's busiest by 2015. Mark T. Sonnenberg, SIOR, CCIM and Whitney Kerr, Jr., SIOR, CCIM from Colliers Turley Martin Tucker’s Kansas City office will be working with their counterparts in the Colliers' Multimodal Services Group based in Los Angeles, to market this development to Kansas and Missouri based companies with international interests.

The Lingang Industrial Zone and Logistics Park contains approximately 50,000 acres and will have a world-class infrastructure, with four phases devoted to industries with heavy equipment manufacturing, light assembly, mixing, logistics, offices and port facilities.  With the rapid growth of China's economy (China is the assembly plant for Asia), coupled with the fact that China is the US’s second largest trade partner behind Canada, multi-national companies will have a strong need for integrated logistics services in China.  With the combined functions of a Freeport Zone, Export Processing Zone and Bonded Logistics Park, the area enjoys the most open and favorable policies in China.  

Sonnenberg and Kerr, Jr. will work closely with Colliers' John Carver in Los Angeles to help attract U.S. firms to this development and to assist in facilitating a smooth transaction process.  Companies will be able to lease or purchase space in this park, with available parcels in Phase I ranging from roughly 33 acres to more than 500 acres. 

“We are excited to play a role in this world-class industrial development,” Sonnenberg said.  “This assignment fits well with all of the exciting developments happening in our local industrial market.  The same multi-national companies that will be locating in Lingang will also be looking for intermodal development opportunities within the U.S.”

Kerr, Jr. agrees that this is a great addition to the Colliers Multimodal Services Group’s portfolio and speaks to the group’s unmatched, worldwide expertise in this specific specialty area.

"Lingang is one of the largest real estate projects in the world today, and Colliers International is proud to have been selected as the exclusive marketing agent of this historic new assignment,” Kerr, Jr. said.  “With our international presence of 267 offices in 57 countries, we are confident that Colliers will set a new standard in industrial project marketing and will help make Lingang the leading industrial destination in the world."

About Colliers Turley Martin Tucker

One of the nation’s largest privately held, full-service commercial real estate firms, Colliers Turley Martin Tucker (CTMT) handles more than $5 billion in annual real estate transactions and manages over 212 million square feet of industrial, office, and retail space. CTMT has approximately 1,200 associates of which 450 are licensed real estate professionals throughout its regional offices in Cincinnati, Columbus, and Dayton, OH: Indianapolis, IN; Kansas City, MO; Minneapolis/St. Paul, MN; Nashville, TN, and St. Louis MO.

For more information about Colliers Turley Martin Tucker, visit our website at www.ctmt.com.

About Colliers International

Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,171 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918 square feet, and has revenue of $US 1,620,958,349.  For more information, visit www.colliers.com.

Media Contact:             

Stephanie Hague, Marketing Director – Kansas City

816.412.0259, shague@ctmt.com

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