23
Oct2012
Voit Real Estate Services/CORFAC International Directs New 263,000 square-foot Office/Industrial Lease in Ontario, CA
Contact:Jenn Quader/ Judith BrowerBrower, Miller & Cole(949) 955-7940
JQuader@browermillercole.comVoit completes lease which helps Cardenas Markets to expand into new headquarters in the Inland Empire.
Inland Empire, CA (October 23, 2012) – Joe Miller of Voit Real Estate Services/CORFAC International has directed a new ten-year, 263,000 square-foot industrial lease in Ontario, Calif. on behalf of MK Associates LTD as the lessor. This lease encompasses the majority of the 420,000 square-foot multi-tenant industrial building located at 2501 East Guasti Road, according to Miller, a Vice President in Voit’s Anaheim office.
The lessee, Cardenas Markets, a family-owned supermarket business, is one of the largest privately owned companies in the Inland Empire. Cardenas Markets is expanding its headquarters and distribution operations with this new lease, moving from a 126,000 square-foot property in Ontario, according to Miller. The new facility serves multiple uses, comprising abundant executive office space and parking for corporate use, distribution facilities, room for the installation of refrigerated warehouse storage, and plenty of truck and trailer parking, Miller notes.
“This transaction required a great deal of persistence, as it was necessary to effect a zoning amendment on the property to accommodate Cardenas Markets’ use,” explained Miller. “My team coordinated efforts with the City, and worked successfully with all parties in order to finalize the zone change and complete the transaction.”
With more than 28 locations throughout Southern California and Nevada, Cardenas Markets specializes in providing customers with specialty products and flavors from Latin America.
About Voit Real Estate Services/CORFAC InternationalVoit 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. For more information on CORFAC, contact 703.532.6160 or visit www.corfac.com.
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