CORFAC News

Contact:Jenn Quader/ Judith BrowerBrower, Miller & Cole(949) 955-7940JQuader@browermillercole.comMurrieta, CA (October 16, 2012) – Rob Socci and Jack Faris of Voit Real Estate Services’ Anaheim office have successfully completed the sale of an 82,000 square-foot multi-tenant industrial park on behalf of the buyer and seller. The property, which was built in 2006, is a five building complex and is centrally located just east of the 15 and 215 freeways.  Built with recent institutional quality improvements, the industrial park, made up of 44 units ranging from 1,000 to 3,500 square feet, is in excellent condition and was over 85% occupied at the time of purchase.Voit represented the Costa Mesa based buyer, Frome Developments Omega, who purchased the property in cash for $5.5 million from a lender, also represented by Voit, who had taken ownership of the property after a loan default. Escrow closed within 45 days. The property is located at 38340 Innovation Court in Murrieta, Calif.About Frome Developments OmegaFrome Developments Omega owns and manages approximately two million square feet of multi-tenant business parks throughout Orange, Riverside, San Bernardino, and Los Angeles Counties. With this latest acquisition, Frome Developments Omega has acquired close to 300,000 square feet of multi-tenant industrial parks within the last 15 months.  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 about CORFAC International, please contact the company’s North American headquarters at 703-532-6160 or visit www.corfac.com.