VOIT DIRECTS ACQUISITION OF 62,000 SQUARE-FOOT MULTI-TENANT INDUSTRIAL/OFFICE PARK FOR OC-BASED INVESTMENT COMPANY
Voit’s Irvine office completed the $4.7 million acquisition of the Edinger Business Park in Santa Ana.
Santa Ana, CA – March 29, 2012 – (RealEstateRama) — Voit Real Estate Services’ Irvine office has successfully completed the $4.7 million acquisition of Edinger Business Park, a 61,923 square-foot multi-tenant industrial and office park in Santa Ana, Calif., on behalf of the buyer. The three-building property was 91 percent occupied when it was acquired, according to Dan Vittone, a Senior Vice President in Voit’s Irvine office.
Vittone worked with Alan Pekarcik, an Executive Vice President in Voit’s Irvine office, to represent the buyer, Frome Developments Omega, LLC (www.fromeinc.com) – a family-owned, Orange County-based investment company that owns 28 business parks throughout Southern California.
“This transaction is unique, as very few multi-tenant office/industrial parks in Orange County have traded in the past 18 months,” said Vittone. “We knew that our client, Frome Developments, owned other properties within the Santa Ana submarket. When we identified this stable, value-add opportunity, we brought it to our client and successfully directed the acquisition on their behalf.”
Edinger Business Park is located at 1560, 1570 and 1580 E. Edinger Avenue in Santa Ana, 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.
Contact:
Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940
JQuader (at) browermillercole (dot) com
