VOIT COMPLETES 34,006 SQUARE-FOOT OFFICE ACQUISITION AT THE MACARTHUR CENTER IN IRVINE
Skyler Serrano and Mike Dorsey of Voit’s Irvine office secure new Orange County location for non-denominational church.
Irvine, CA – March 27, 2012 – (RealEstateRama) — Voit Real Estate Services’ Irvine office has successfully completed the $4.5 million acquisition of a 34,006 square-foot bank owned office building in the MacArthur Center located at 1420 Reynolds Avenue in Irvine, Calif. on behalf of the buyer. Originally built as a medical condo project, this property will be used as a church for a non-denominational religious organization, according to Skyler Serrano, a Senior Associate in Voit’s Irvine office.
Serrano worked with Mike Dorsey, a Senior Vice President in Voit’s Irvine office, to represent the buyer, Radha Soami Society Beas America, Corp. The seller, Redus CA Properties, LLC, was represented by Jeff Chiate, Rick Ellison, and John Gallivan of Cushman & Wakefield.
“Our client had very specific requirements, and we drew upon our knowledge of the Orange County market to provide an out-of-the-box solution with this high quality office building. The property meets the client’s needs exactly by providing enough space for group seating, and a high parking ratio,” said Serrano.
According to Serrano, office buildings for sale in the 30,000 square-foot range are scarce in Orange County, especially buildings at this lower, bank-owned price point.
“There were several very interested parties ready to make offers on the building when we began our negotiations, but we worked quickly to secure this property for our client, who was an all-cash buyer,” Serrano explained.
Radha Soami Society Beas America, Corp., is a philosophical organization based on the spiritual teachings of all religions and the process of inner development. It is a registered non-profit society and is not affiliated with any political or commercial organizations.
About Voit Real Estate Services
Voit Real Estate Services is now a 10 office commercial real estate firm that, through its brokerage and asset services professionals working together, provides strategic property solutions tailored to clients’ needs. Combining 40 years of expertise in brokerage, investment advisory, financial analysis, market research, asset management, tenant advisory and property management 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 more than 250 people. Voit has owned, developed and managed over 50 million square feet of commercial real estate, participated in $1.4 billion of construction projects and completed over $36 billion in brokerage transaction volume. Further information is available at www.voitco.com.
Contact:
Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940
Jquader (at) browermillercole (dot) com
