CORFAC News

16 Jul2018

Voit Real Estate Services/CORFAC International's Tenant Rep Group Represents Applied Industrial Technologies in Lease Renewal

Voit Real Estate Services/CORFAC International is proud to announce that Jeff Saywitz, Senior Vice President and Partner for the Tenant Rep. Group at Voit, has successfully negotiated the renewal and extension of the Applied Industrial Technologies’ (AIT) distribution facility in Fontana, CA. The five-year lease was valued at nearly $6 million on a 165,300-square-foot space. The space houses multiple divisions of the company and serves as one of the primary distribution hubs for the western U.S. operations. Robin Dean, Vice President, Asset Management for Washington Capital Management, Inc., represented the Landlord, Vintage Park East, LLC. 

“AIT is pleased to have been able to secure favorable terms and continue its long-standing tenancy in the park,” according to Saywitz. “Ownership’s flexibility and consideration is also allowing AIT to perform improvements to help the company function more efficiently.” 

The property is located at Vintage Park East, in Fontana, CA.

About Voit Real Estate Services/CORFAC International
Voit Real Estate Services/CORFAC International is a privately held, broker-owned Southern California commercial real estate firm that provides strategic property solutions tailored to clients' needs. Throughout its 45+ year history, the firm has completed more than $48.1 billion in brokerage transactions encompassing more than 46,000 brokerage deals.  Voit’s unmatched expertise in Southern California brokerage, investment advisory, financial analysis, and market research enable the firm to provide clients with forward looking strategies that create value for a wide range of assets and portfolios. Further information is available at www.voitco.com. The Tenant Rep. Group at Voit Real Estate Services exclusively represents tenants and users of commercial real estate throughout Southern California and the U.S.
 

 

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Locally Owned. Globally Connected

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 46 firms in the U.S., six in Canada and 28 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8.0 billion in 2017.