Voit’s Sacramento Team Completes 51 Office Transactions Encompassing 296,103 Square Feet in Greater Sacramento
Voit’s Sacramento Team Completes 51 Office Transactions Encompassing 296,103 Square Feet in Greater Sacramento
- Voit’s Sacramento office team has completed 20 office sales totaling 186,000 square feet of improved buildings and land to date in 2011
- Voit’s Sacramento team also directed 31 office lease transactions year to date
SACRAMENTO, Calif. (NOVEMBER 30, 2011) – Robb Osborne, Cole Sweatt, Rob Mora and Sarah Sanders of Voit Real Estate Services’ Sacramento team have successfully completed 51 office transactions in the Greater Sacramento area, totaling 296,103 square feet of space. Voit’s team has completed 20 office sales this year, totaling 186,000 square feet, while also completing 31 office lease transactions to date, totaling 110,103 square feet of office space.
“While the office market has been a bit slower to rebound than other property types, 2011 has been a year of growth for this sector of the market and we’re now seeing some positive indicators of future stabilization,” said Robb Osborne, Senior Vice President in Voit’s Sacramento office. “In Q3 Sacramento saw positive net absorption in its office market for the first time since 2009 – a sign that confidence is increasing and office tenants and landlords are ready to make deals.”
Of the sales Voit completed this year, 19 of the 20 transactions were under 20,000 square feet, while one sale totaled 100,000 square feet.
The Sacramento Voit Real Estate Services Corporate Office Group is led by Senior Vice President Robb Osborne and also includes: Cole Sweatt, Assistant Vice President; Rob Mora, Industrial Expert and Business Development Specialist; and Sarah Sanders, Marketing Assistant.
Some of the Voit team’s recent and most notable transactions include:
Transaction # 1
Robb Osborne and Cole Sweatt of Voit Real Estate Services’ Sacramento office represented the seller in the disposition of an 11,747 square-foot office property located at 2267 Lava Ridge Ct. in Roseville, Calif.
Transaction # 2
Robb Osborne of Voit Real Estate Services’ Sacramento office represented the seller in a 5,097 square-foot office sale located at 990 Reserve Drive in Roseville, Calif.
Transaction # 3
Robb Osborne of Voit Real Estate Services’ Sacramento office identified a restaurant space that could be converted into a veterinary office at 6416 and 6418 Tupelo Drive in Citrus Heights, Calif. and successfully represented the buyer to complete a 5,545 square-foot office acquisition.
Transaction # 4
Robb Osborne and Cole Sweatt of Voit Real Estate Services’ Sacramento office represented the seller in the disposition of an 11,647 square-foot, two-story office building located at 2271 Lava Ridge Ct. in Roseville, Calif.
Transaction # 5
Cole Sweatt and Robb Osborne of Voit Real Estate Services’ Sacramento office represented the buyer in the acquisition of a 5,000 square-foot office property located at 5170 Hillsdale Blvd. in El Dorado Hills, Calif.
Transaction # 6
Cole Sweatt and Robb Osborne of Voit Real Estate Services’ Sacramento office completed the 66 month lease of a 9,452 square-foot office property located at 5750 West Oaks Blvd. in Rocklin, Calif. Sweatt and Osborne represented the lessee in the transaction.
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 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 more than 250 people. Voit has owned, developed and managed over 45 million square feet of commercial real estate, participated in $1.35 billion of construction projects and completed over $33 billion in brokerage transaction volume. Further information is available at www.voitco.com.
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