CORFAC News

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

Orange County, CA (August 1, 2012) – Voit Real Estate Services’ Anaheim office has successfully directed the $3.8 million acquisition of a 34,972 square-foot industrial building in Yorba Linda, Calif. on behalf of the buyer, Radius Power.  Radius, a global designer and manufacturer of EMI filters currently based in Orange, Calif., plans to fully occupy the building as its new headquarters to accommodate its expanding manufacturing operations, according to Seth Davenport, a Senior Vice President in Voit’s Anaheim office.

Davenport worked with Mitch Zehner of Voit’s Anaheim office to represent Radius Power as the buyer in the transaction.

“The challenge for buyers in the Orange County market is that mid-sized industrial inventory is in short supply.  We are advising buyers to evaluate their long-term needs, especially when considering square footage,” said Davenport. “In this transaction, we successfully identified a space that fit our client’s needs, while providing more square footage than the client was initially seeking, which will allow for future expansion.”

Davenport notes that Radius Power was initially hoping to expand its operations from 10,000 square feet to 25,000 square feet, and plans to utilize the additional space to accommodate its ongoing growth.

The property is located at 22895 Eastpark Drive in Yorba Linda, 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 atwww.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.