CORFAC News

Orange County, CA (January 15, 2014) – In 2013, Voit Real Estate Services/CORFAC International broker, Michael Hartel, Senior Vice President in Voit’s Irvine office, executed three of the top five largest industrial sales transactions for the year in Orange County, according to CoStar, all of which occurred in the fourth quarter. 

In the county’s largest industrial sales transaction for 2013, Hartel represented the buyer for a 493,319 square-foot industrial building at 5901 Bolsa Ave. in Huntington Beach (pictured). Hartel, along with Mitch Zehner, Executive Vice President in Voit’s Anaheim office and Seth Davenport, Senior Vice President in Voit’s Anaheim office successfully directed the sale of a 345,000 square-foot manufacturing facility at 1683 Sunflower Ave. in Costa Mesa representing the seller. This deal was the third largest industrial sales transaction in Orange County for 2013.

And coming in as the fifth largest industrial sales transaction in the county for 2013, Hartel, along with Mike Bouma, Senior Vice President in Voit’s Anaheim office represented the seller for the sale of a 210,000 square-foot warehouse/manufacturing building located at 12131 Western Ave. in Garden Grove. According to Jerry Holdner, Vice President of Market Research for Voit, “We continue to see improvement in the industrial market, and we anticipate positive gains moving forward, provided job creation continues and consumer confidence stabilizes.”

About Voit Real Estate Services/CORFAC International
Voit Real Estate Services is now an 11 office commercial real estate firm that, through its brokerage and real estate management professionals working together, provides strategic property solutions tailored to clients' needs.  Combining more than 40 years of expertise in brokerage, investment advisory, financial analysis, market research, real estate management and tenant advisory, 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 53 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.