October 31, 2016 AIRCRE manager

Advisory Board Member Profile – Chris Sheehan

With an especially tight Mid-Counties submarket, Chris Sheehan knows the value of brokers getting what he terms “deep into the market”. He underlines that AIR’s Advisory Boards are invaluable in this regard.

A member of AIR’s Mid-Counties Advisory Board, Chris is a 20-year veteran of commercial real estate brokerage and serves as Executive Vice President in Colliers International’s South Bay office. He broke into the profession in 1996 with The Seeley Company (later becoming Colliers) in City of Commerce and has focused on the Mid-Counties from the outset.

At Colliers, Chris concentrates on corporate tenant representation, landlord representation, land sales, new development, leasing and sales in his core Mid-Counties submarket, which he says lists the region’s lowest vacancy rate at .6%.

“Because of our tight submarket, it’s incredibly important to get deep into the market because opportunities are so limited. So, working with the best in class brokers from different firms on the Advisory Board is extremely helpful in terms of uncovering potential deals.

“This is enhanced by the fact that we’re getting real time data to transact business. Doing this with quality brokers is invaluable. As an example, a broker might say they have a client looking for something in particular. Another may have that very something, which makes it mutually beneficial on the spot. Everyone is willing to share information toward everyone’s benefit,” Chris said.

This kind of appreciation for cooperation has no doubt helped earn Chris some impressive closed deals. Recently, Chris, along with Colliers partners Nick Vranka and Conner Reeves, represented the sellers of 16.5 acres of land at 6300 Regio Ave. in Buena Park for $41 million. The user/buyer was 99 Ranch Market. In addition to his dealmaking talents, Chris has shared his experience on more than one occasion as a panelist at AIR’s Annual “Market Review and Forecast.”

Chris is a graduate of the University of California, Santa Barbara where he received a Bachelor of Science degree in Environmental Science. He and his wife, Alex, and their two boys, Brady, 6, and Tyler, 4, reside in Manhattan Beach. In his leisure, Chris enjoys coaching youth sports, and finds time to surf and play volleyball.