The Orange County Shared Spaces Foundation, created in 2008 to develop quality, affordable and stable multi-tenant nonprofit centers that will strengthen the Orange County nonprofit sector, has acquired a 33,981 square-foot office property for $2.8 million. The property is located at 1505 E. 17
Street in Santa Ana, Calif.
Al Pekarcik and Dan Vittone of Voit Real Estate Services’ Irvine office represented the buyer, Orange County Shared Spaces Foundation. The seller, 1505 E. 17
th Street Associates, represented themselves.
Transaction #3:Martin Door Manufacturing, a garage door manufacturer, has sold a 21,093 square-foot industrial building for $2.2 million. The property is located at 7422 Walnut Avenue in Buena Park, Calif. “We were able to quickly secure a quality buyer that met the short timeframe set by Martin Door Manufacturing,” said Dan Berkenfield of Voit Real Estate Services’ Anaheim Metro office. “The buyer is relocating their corporate headquarters from Anaheim to this Buena Park location.”Berkenfield represented the seller Martin Door Manufacturing. The buyer, APV Manufacturing & Engineering Co., an aerospace manufacturer, was represented by David Duncan of Century 21.
Transaction #4: Edwards Angell Palmer & Dodge, LLP, a law firm with 12 offices across the United States and the United Kingdom, has signed a multi-year lease on 6,523 square-foot office property for $1 million. The property is located at 660 Newport Center Drive, in Newport Beach, Calif. Doug Killian of Voit Real Estate Services’ Irvine office represented the lessee, Edwards Angell Palmer & Dodge, LLP. The lessor, The Irvine Company, represented themselves. The Irvine Company is a diversified privately held real estate investment company that owns and manages a high-quality investment portfolio in excess of 85 million square feet.Voit Real Estate Services is one of the largest privately owned, debt-free commercial real estate services firms serving both institutional and private clients in the Western United States. With offices in California, Nevada and Arizona, Voit Real Estates Services can scale asset management, property management, market research, property leasing and sales, financial underwriting, construction and development services to its clients’ individual needs in any market. The firm’s nearly four decades of real estate ownership experience, combined with its asset management platform, provides clients with strategic alternatives, which allow owners of distressed real estate assets to maximize proceeds while minimizing risk. Voit Real Estate Services was founded in 1971 by Robert D. Voit, who continues to lead the firm. Known for its personal, nimble and responsive service culture, Voit Real Estate Services has developed, acquired or managed more than 40 million square feet of commercial real estate and transacted sales and leases valued in excess of $25 billion. Additional company information is available at www.voitco.com.Contact: Monica Seely/Corynne RandelBrower, Miller & Cole(949) 509-6551
mseely@browermillercole.com
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