VOIT REAL ESTATE SERVICES DIRECTS NEW 105,000 SQUARE-FOOT INDUSTRIAL LEASE IN RIVERSIDE
Voit secures regional HVAC distributor as a lessee; completes lease on behalf of GE Capital Real Estate.
RIVERSIDE, CA – March 29, 2012 – (RealEstateRama) — Voit Real Estate Services’ Inland Empire office has directed a new five-year, 105,000 square-foot industrial lease in the Meridian Business Park, on behalf of the lessor. Voit was successful in securing a tenant within six months for this industrial property located at 14751 Meridian Parkway in Riverside, California, according to Patrick Wood, Senior Associate in Voit’s Inland Empire office.
Wood worked with Walt Chenoweth, Frank Geraci, and Juan Gutierrez of Voit’s Inland Empire office to represent the lessor, GE Capital Real Estate, a premier commercial real estate company with U.S. $60 billion in assets globally.
“The Voit team drew upon our knowledge of the region to successfully market the strategic location of this vacant space, and ultimately secured a tenant within six months,” said Wood. “This was definitely a joint effort. GE Capital’s ability to spec tenant improvements in the building coupled with their understanding of current market dynamics helped make this a successful transaction.”
The lessee, Russell Sigler, Inc., is the sole distributor of Carrier products in the Western U.S. and is headquartered in Tolleson, Ariz. The company plans to use this location for its operations in Riverside. Russell Sigler, Inc. was represented by Herrick Johnson and Rocky Moran of Lee & Associates, Riverside in the transaction.
The property is one of three buildings the lessor owns in the Meridian Business Park, totaling 315,000 square feet.
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
