CORFAC News

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

Orange County, Calif., (September 10, 2012) – Trent Walker of Voit Real Estate Services’ Irvine office has successfully directed the acquisition of a 29,074 square-foot office property in Irvine, Calif. on behalf of The Cheesecake Factory.  The Cheesecake Factory plans to fully occupy the building to accommodate its design division, which produces all the interior design planning and refurbishing for its restaurants worldwide, according to Walker, a Senior Vice President in Voit’s Irvine office.

Walker represented The Cheesecake Factory as the buyer in the $4.7 million acquisition. 

“The Cheesecake Factory has been leasing a property located in Park Red Hill in Irvine for the past ten years.  As the company continues to open new locations and refurbish existing restaurants, our client needed an updated space in a central location to accommodate its design operations,” said Walker.

Walker noted that office space of this size and quality is becoming increasingly scarce in Irvine.

“We advised our client to take advantage of current market prices in order to secure this high-quality property, which suits the needs of the company’s employees,” he added.

The seller, Richard C. and Betty Jane Farrell, was represented by Richard Pincott of CBRE.

This building is located at 19 Corporate Park in Irvine, Calif.

About Voit Real Estate Services
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.