CORFAC News

Orange County, Calif., (July 25, 2012) – Mitch Zehner and  Seth Davenport of Voit Real Estate Services/CORFAC International’s Anaheim office have successfully directed the $7.25 million acquisition of an 82,544 square-foot industrial building situated on 4.56 acres in Anaheim, Calif. on behalf of the buyer. The building, previously occupied by a hardwood distribution company, will be fully occupied by the buyer, a North Orange County-based Aerospace Shop, according to Mitch Zehner, an Executive Vice President in Voit’s Anaheim office.

Zehner and Davenport represented BT La Palma as the buyer in the transaction. This is a relocation for BT La Palma, as the firm is moving its business from a neighboring city in North Orange County, according to Zehner.

“Our client was seeking a large industrial building in Anaheim with ample yard space to accommodate its aerospace business,” explained Zehner. “As industrial inventory continues to tighten in Anaheim, properties with these specifications are becoming rare commodities.”

Zehner noted that because the Voit team is constantly tracking the OC industrial market, they were able to quickly identify and secure this facility, which met their client’s operational and location needs.

The seller, Dunham & Gilliland LLC, was represented by Clyde Stauff of Colliers International.

This free-standing building is located at 4890 E. La Palma Avenue in Anaheim, Calif. with major street visibility on La Palma Avenue, according to Zehner.

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.