VOIT HELPS OC FLOORING COMPANY MOVE TO BREA WITH NEW 62,650 SQUARE-FOOT INDUSTRIAL LEASE
Mitch Zehner and Seth Davenport completed a new, $1.6 million lease on behalf of the lessor.
Orange County, CA – May 10, 2012 – (RealEstateRama) — Mitch Zehner and Seth Davenport of Voit Real Estate Services’ Anaheim office have completed the new, 60-month, $1.6 million lease of a 62,650 square-foot industrial warehouse at 450 Delta Ave. in Brea, Calif. on behalf of the lessor. The free-standing building will be fully occupied by Kelly-Wright Hardwoods, Inc., which is relocating to Brea from East Anaheim, according to Mitch Zehner, Executive Vice President in Voit’s Anaheim office.
Zehner worked with Seth Davenport, a Senior Vice President with Voit, to represent Adler Investment Company as the lessor. Based in Santa Monica, Adler Investment Co. is a private real estate investment firm.
“This transaction speaks to the quality of Adler Investment’s building, as well as the Voit team’s ability to identify and secure a strong tenant in a short amount of time,” said Zehner. “The building was fully occupied when Voit took on the assignment, but the current tenant had recently acquired a new facility in Brea and was planning to move. The Voit team drew upon our strong relationships here in Orange County to identify Kelly-Wright as the new tenant for the space, and we worked quickly to close the deal in order to ensure consistent cash flow for our client.”
The lessee, Kelly-Wright Hardwoods, Inc., has been a provider of plywood, lumber and mouldings since 1982. Garrett McClelland and Zach Niles of 360 Commercial Partners represented Kelly-Wright Hardwoods, Inc. 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 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
