VOIT DIRECTS $27.7 MILLION SALE OF R&D FACILITY TO OC-BASED MAZDA NORTH AMERICAN OPERATIONS
Irvine, CA – February 8, 2012 – (RealEstateRama) — Voit Real Estate Services’ Irvine office has successfully completed the $27.75 million sale of a 155,499 square-foot R&D facility in Irvine, Calif., which has been occupied by Mazda North American Operations for more than 20 years.
John Griffin, Executive Vice President in Voit’s Irvine office, represented the seller, EFT Holdings, a private, family-run investor. The buyer was Mazda North American Operations.
“Large facilities in Orange County are in high demand, as availability for properties above 100,000 square feet dropped to two percent throughout the county last quarter,” said Griffin. “As occupancy increases, buyers and investors are motivated to make deals. In this case, Mazda was ready to make a long-term commitment to this location.”
The three-building campus property serves as Mazda’s U.S. research and development facility, where the company conducts technology and market trend studies; develops new designs and evaluates product conformity for the North American market, according to its website.
The Mazda North American Operations R&D facility is located at 1421 Reynolds, and 1424 and 1444 McGaw Ave. in Irvine, Calif.
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.
About Mazda North American Operations
Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States, Canada and Mexico through nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc., located in Ontario; and in Mexico by Mazda Motor de Mexico in Mexico City.
For more information on Mazda vehicles, visit the online Mazda media center at www.mazdausamedia.com. Product B-roll may be ordered online by visiting The News Market at www.thenewsmarket.com/mazda.
Contact:
Judith Brower / Jenn Quader
Brower, Miller & Cole
(949) 955-7940
JQuader (at) browermillercole (dot) com
