CORFAC News

22 Jan2020

Voit Real Estate Services/CORFAC International Inks Two New Leases for Expanding Corporation in San Diego, CA

TÜV SÜD America Inc., has recently renewed and expanded its presence in San Diego. They have renewed their lease for their administrative offices and testing facility at 10040 Mesa Rim Road, in Sorrento Mesa, CA, while simultaneously taking additional office space at 9920 Pacific Heights Boulevard, as well as in Sorrento Mesa.

Mesa Rim’s 17,522 square-foot facility, and Pacific Heights’ 6,307 square-foot space (pictured below), combined with a third San Diego location at 16936 Via Del Campo in Rancho Bernardo, increases TÜV SÜD’s footprint in the area to exceed 30,000 SF and will allow them to hire 20 additional employees to better serve clientele throughout Southern California and the Western United States. The new lease commitment runs through 2026 and is valued in excess of $3.2 million in consideration. Senior VP/Partner Jeff Saywitz, Senior VP./Partner Brian Mulvaney and  Tenant Rep Specialist Chase Pelton of Voit Real Estate Services/CORFAC International, represented TÜV SÜD in both transactions.

“We were able to find a great solution for TÜV SÜD to retain its current identity, while allowing them to also accommodate their growth with minimal disruption to their business,” said Jeff Saywitz.

“We are delighted to have found the right real estate solution in the San Diego area to support our organization’s sustained growth in the market,” said Eric Cohan, Manager of Real Estate and Facilities, North America for TÜV SÜD.

The Mesa Rim property is owned by Mesa Rim Road, LLC, who was represented by Brent Bohlken of Newmark Knight Frank. Pacific Heights is owned by One Pacific Heights, LLC, and operated by LeBeau Realty & Associates. Mike Cassolato and Brett Ward of Cushman & Wakefield represented ownership.

About TÜV SÜD
TÜV SÜD is a premium quality, safety, and sustainability solutions provider that specializes in testing, inspection, auditing, certification, training, and knowledge services. Since 1866, the company has remained committed to its founding principle of protecting people, property and the environment from technology-related risks. Headquartered in Munich, Germany, TÜV SÜD is represented in more than 1,000 locations worldwide. TÜV SÜD operates globally with a team of more than 24,000 multi-disciplinary experts recognized as specialists in their respective fields. By combining impartial expertise with invaluable insights, the company adds tangible value to businesses, consumers and the environment. The aim of TÜV SÜD is to support customers with a comprehensive suite of services worldwide to increase efficiency, reduce costs and manage risk. Visit www.tuvsud.com.

About TÜV SÜD America
TÜV SÜD America Inc., a subsidiary of TÜV SÜD AG (Munich, Germany), is a leading globally recognized testing and certification organization. TÜV SÜD's Business Assurance division provides management system certification services to ISO 9001, ISO 14001, AS9100, Safe Quality Food (SQF), and more. TÜV SÜD's Product Service division offers electrical and mechanical product safety, Electromagnetic Compatibility (EMC) testing, environmental testing, NRTL and SCC certification, CE marking assistance, restricted substance services, international compliance services, and more. TÜV SÜD America also provides a comprehensive suite of services for the medical device sector as a European Union notified body for the medical device, active implantable medical device and in-vitro diagnostic device directives, and a complete service portfolio including ISO 13485 and MDSAP certification, FDA 510(k) and third-party inspections. The company's Industry Services division offers a full suite of services for pressure equipment manufacturers and materials producers exporting products to the European Community. The Industry Services division also includes TÜV SÜD Global Risk Consultants, the leading global provider of unbundled property loss control services. Visit www.tuvsud.com/en-us 

About Voit Real Estate Services/CORFAC International's Tenant Rep. Group
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 almost 50-year history, the firm has completed more than $52 billion in brokerage transactions encompassing more than 50,000 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 San Diego County and the United States.
 

 

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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 49 offices in the U.S., 5 in Canada and 18 in international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand, United Arab Emirates and the United Kingdom. CORFAC offices annually complete more than 10,000 lease and sales transactions totaling over 620 million square feet of space valued in excess of $8.2 billion.