VOIT REAL ESTATE SERVICES DIRECTS TWO NEW INDUSTRIAL SUBLEASES ENCOMPASSING 350,660 SQUARE FEET IN CHINO
Voit Real Estate Services’ Walt Chenoweth, Frank Geraci, Patrick Wood and Juan Gutierrez direct both a nine-month and a 13.5-month industrial sublease on behalf of global bottling company.
Chino, CA – December 6, 2011 – (RealEstateRama) — Voit Real Estate Services’ Inland Empire office has successfully facilitated two new industrial subleases in Chino, including a nine-month, 200,000 square-foot industrial sublease at 4281 Edison Avenue; as well as a 150,660 square-foot, 13.5-month industrial sublease at the adjacent property, located at 4361-4371 Edison Avenue.
Walt Chenoweth, Frank Geraci, Patrick Wood and Juan Gutierrez of Voit’s Inland Empire office, along with Greg Kloiber with TG Corporate Real Estate Advisors, represented the sub-lessor, AMCOR Rigid Plastics USA, Inc., a global company that manufactures and distributes plastic bottles.
AMCOR, which is leasing a total of 550,000 square feet from Majestic Realty, will still occupy 200,000 square-feet in one of the industrial warehouses.
“After assessing our client’s needs, we were able to provide a unique solution to help cut costs,” said Walt Chenoweth, Executive Vice President of Voit’s Inland Empire office, “A large portion of the space was no longer required for AMCOR’s Southern California operations, and our team recommended subleasing the unused space to another company with similar operational requirements.”
Both warehouses are 100 percent occupied after these two subleases.
The sub-lessee, NFI Network Logistics Solutions, a third party logistics company, was represented by Chuck Belden of Cushman & Wakefield. NFI plans to use the space for overflow of surplus product from its other warehouses in Chino.
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.
Contact:
Judith Brower
Brower, Miller & Cole
(949) 955-7940
JBrower (at) browermillercole (dot) com
