11
Jun2010
Voit Real Estate Services/CORFAC International Directs 8 Transactions Totaling $15.4 Million
SOUTHERN CALIFORNIA (June 9, 2010) – Voit Real Estate Services, a member of CORFAC International, has directed 8 transactions in Southern California for a total consideration of $15.4 million.Transaction #1: Donavan Investments has sold an 11,717 square-foot industrial property for $5.4 million. The property is located at 4220 Donovan Way in the city of Las Vegas, Nevada. John Griffin of Voit Real Estate Services’ Irvine office represented the seller Donavan Investments. The buyer Ken Gardner was represented by Kit Graski of Voit Real Estate Services Las Vegas office.Transaction #2:Irvine Ranch Water District has acquired a 40,800 square-foot industrial building for $4.3 million. The property is located at 1221 Edinger Ave. in Tustin, Calif. Kevin Turner and Michael Hartel of Voit Real Estate Services’ Irvine office represented the buyer Irvine Ranch Water District. The seller, Gemsa Enterprises, LLC, was represented by Paul Caputo of Voit Real Estate Services’ Anaheim Metro office and Trent Walker of Voit Real Estate Services’ Irvine office.Transaction #3:The Paul Mitchell School has leased a 14,698 square-foot office space for 15 years. The terms of the lease are confidential. The property is located at 3309 Hyland Avenue, Suite J, in Costa Mesa, Calif.Michael Hartel, Kevin Turner, Joe Winkelmann and Travis Haining represented the lessor Burnham USA Equities, LLC. The lessee, The Paul Mitchell School, was represented by Frank Knight with Newmark Real Estate Services.Transaction #4:Alliance Properties LLC has acquired an 11,837 square-foot building for $1.6 million. The property is located at 501 Sally Place in the city of Fullerton, Calif.The buyer, Alliance Properties, LLC, was represented by Mitch Zehner and Seth Davenport of Voit Real Estate Services’ Anaheim Metro office. The Seller, SCIF Fullerton, LLC, was represented by Mike Hefner and Mike Vernick of Voit Real Estate Services’ Anaheim Metro office.Transaction #5: The Pastorello Family Trust has acquired a 9,980 square-foot building for $1.1 million. The property is located at 1111 Armando in the city of Anaheim, Calif. The buyer Pastorello Family Trust was represented by Mike Hefner and Mike Vernick of Voit Real Estate Services’ Anaheim Metro office. The seller, Hurley Family Trust, was represented by Ian Britton of CB Richard Ellis.Transaction #6:KPM Spectrum, LP has sold a 4,631 square-foot industrial building for $1 million. The property is located at 9655 Research Drive in Irvine, Calif. Kevin Turner, Michael Hartel, Joe Winkelmann and Travis Haining of Voit Real Estate Services’ Irvine office represented the seller KPM Spectrum, LP. Transaction #7:Solutions Rendered, LLC has acquired a 5,911 square-foot industrial building for $1 million. The property is located at 30 Maxwell in the city of Irvine Calif. The property is located within The Irvine Spectrum Center a premier dining, shopping and entertainment center.Sam Olmstead and Todd Hergesell represented the buyer, Solutions Rendered, LLC. The seller, The Gary Bukamier Trust, was represented by David Bolt of CBRE’s Newport Beach office.Transaction #8: Bank of America has sold a 6,926 square-foot industrial building for $1 million. The property is located at 26932 Vista Terrace in the city of Lake Forest, Calif.The seller, Bank of America, was represented by Joe Winkelmann of Voit Real Estate Services’ Irvine office. The buyer, Cenkor, LLC, was represented by Gary Allen of Grubb & Ellis.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.
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