CORFAC News

Contact:
Jenn Quader/Judith Brower
Brower, Miller & Cole
(949) 955-7940
JQuader@browermillercole.com

Inland Empire, CA (August 20, 2012) – Voit Real Estate Services/CORFAC International’s Inland Empire office has directed a new 147,677 square-foot industrial lease in Redlands, Calif., on behalf of the lessor. The lessee, Medline Industries, a privately held national manufacturer and distributor of health care supplies and services, plans to fully occupy the building for its distribution operations, according to Juan Gutierrez, a Senior Associate in Voit’s Inland Empire office.

Gutierrez worked with Frank Geraci, Walt Chenoweth, and Patrick Wood of Voit’s Inland Empire office to represent the lessor, BlackRidge Real Estate Group/ Verde Realty. The lessee, Medline Industries, was represented by Chuck Belden of Cushman & Wakefield.

This is an expansion for Medline Industries, which was seeking additional warehouse space in close proximity to its existing 405,000 square-foot distribution center in San Bernardino, notes Gutierrez.

“The property is a Class A warehouse within a master planned business park, which is especially attractive to tenants in the current market,” explains Gutierrez.  “Leasing activity is on the rise in the Inland Empire, and the supply of large, Class A product continues to tighten. Our team is constantly tracking the market, and we were able to leverage the increasing momentum in order to successfully identify a tenant and fully stabilize the building within three months.”

This property is located at 1455 Research Drive in Redlands, Calif.

About Voit Real Estate Services/CORFAC International
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.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is distinguished by the way it manages multi-market commercial real estate assignments on behalf of corporate entities and privately owned companies. Founded in 1989, U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal Member of FIABCI – the International Real Estate Federation with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 100 million square feet and valued at more than $6 billion. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.