CORFAC News

SOUTHERN CALIFORNIA (June 25, 2010) – Voit Real Estate Services, a member of CORFAC International, has directed seven transactions in Southern California for a total consideration of $8.7 million.

Transaction #1:Mother’s Market & Kitchen has leased a 13,000 square-foot retail building at 413 S. Associated Road in the city of Brea, Calif. Conveniently located at the intersection of the 57 Freeway and Imperial Highway, the property is in the Brea Plaza Shopping Center, which is in the process of finishing a complete remodel. This new location of Mother’s Market & Kitchen is set to open in the Spring of 2011.The lessee Mother’s Market was represented by Jeffrey Simonds of Voit Real Estate Services’ Irvine office. The lessor, Bosc California BP, LLC, was represented by Retail Advisory Group of Pasadena, Calif.Transaction #2:Jayway Properties, LLC, has acquired a 16,386 square-foot property for $1.8 million. The property is located at 1959 North Main Street in the city of Orange, Calif.The buyer, Jayway Properties, was represented by Mike Vernick and Stan Kwak of Voit Real Estate Services’ Anaheim Metro office. The seller, Steve Yetzke, was represented by Bryan Miller of Lee and Associates.Transaction #3:Unicable Inc has acquired a 10,831 square-foot property for $1.5 million. The property is located at 511 South Harbor Blvd. unit I in the city of La Habra, Calif.The buyer, Unicable Inc, was represented by Paul Caputo of Voit Real Estate Services’ Anaheim Metro office. The seller, Burke La Habra Partners, LLC, was represented by Ryan Peterson of CBRE.Transaction #4:YCC Pacific Commerce Center, LLC, has sold a 13,810 square-foot property for $1.4 million. The property is located at 9220 Norwalk Blvd in the city of Santa Fe Springs, Calif.The seller, YCC Pacific Commerce Center, LLC, was represented by Cameron Driscoll and Luke McDaniel of Voit Real Estate Services’ Anaheim Metro office. The buyer, Walnut Star Properties, LLC, was represented by Frank Lee of InterCity Realty.Transaction #5:Pacific Premier Bank has sold a 33,360 square-foot property for $1.4 million. The property is located at 2401 27^th street in the city of Vernon, Calif.The seller, Pacific Premier Bank, was represented by Pete Beauchamp of Voit Real Estate Services’ Irvine office and Brian Corrigan of Voit Real Estate Services’ Anaheim Metro office. The buyer, Vidal Produce, was represented by Patrick Barnes of Colliers International.Transaction #6:Glenmount Properties, LLC has sold a 5,334 square-foot office property for $1.3 million. The property is located at 17701 Cowan Ave in the city of Irvine, Calif.The seller, Glenmount Properties, LLC and the buyer 2GLP, LLC were both represented by Mark Sigler of Voit Real Estate Services’ Irvine office.Transaction #7:Marriott International has renewed their office lease on a 10,278 square-foot property for $1.3 million with a term of 96 months. The property “Colton Corporate Center” is located at 3130 S. Harbor Blvd. in the city of Santa Ana, Calif.The Tenant, Marriott International, was represented by Steve Lane of Voit Real Estate Services’ Irvine office who was able to secure an early renewal and rent reduction on the property. The Landlord, The Colton Company, represented itself by John McClintock.Voit Real Estate Services/CORFAC International is a commercial real estate firm that through its brokerage and asset services professionals working together, provides strategic property solutions scaled to clients needs. Combining 38 years of expertise in property management, investment advisory, financial analysis, market research, asset management, tenant advisory and brokerage services, Voit provides clients with forward looking strategies that create value for their assets and portfolios.Voit is a privately held, debt-free firm that has successfully navigated numerous market cycles since 1971, and currently employs 170 people. Voit has owned, developed and managed over 45 million square feet of commercial real estate, participated in $1.3 billion of construction projects and completed over $32 billion in brokerage transaction volume. Further information is available at www.voitco.com.