CORFAC News

SOUTHERN CALIFORNIA (December 15, 2009) – Voit Real Estate Services’ Commercial Brokerage division, a member of CORFAC International, has directed five transactions in Southern California for a total consideration of $8.3 million.

Transaction #1:Gannet, LLC, a distributor of cooking oils, has acquired a 70,000 square-foot industrial property for $2.3 million. The property is located at 14370 Gannet Street in the city of La Mirada, Calif. and is in the final stages of a previous environmental cleanup.“The building was unique to Gannet, LLC due to the existing rail service, which is hard to find,” explained Paul Caputo, vice president of Voit Real Estate Services’ Brokerage division’s Anaheim Metro office.  “As a cash buyer without financing needs, Gannet, LLC was able to negotiate an attractive deal for the acquisition.”Caputo of Voit represented the buyer, Gannet, LLC.  Bruce Hoffman of UGL-Equis represented the seller, United State Gypsum, a manufacturer and distributor of high-performance building systems.Transaction #2:3PL Global, LLC, a third-party logistics warehousing of consumer products, has signed a three-year lease for a 120,207 square-foot industrial property for $1.7 million. The property is located at 17871 Von Karman Avenue in Irvine, Calif.Trent Walker of Voit’s Real Estate Services’ brokerage division’s Irvine office, along with Mitch Zehner of Voit Real Estate Services’ Brokerage division’s Anaheim Metro office, represented the lessor, Irvine Crossing, LLC. David Tabone of Sunbelt Advisors, Inc. represented the lessee, 3PL Global, Inc.Transaction #3:Opera Pacific, Orange County's professional opera company, has sold a 19,776 square-foot industrial property for $1.5 million. The property is located at 600 W. Warner Avenue in Santa Ana, Calif.Mitch Zehner of Voit Real Estate Services’ Brokerage division’s Anaheim Metro office represented the seller, Opera Pacific. Greg Diab of Lee & Associates represented the buyer, Rieck Living Trust.Transaction #4:Cor-O-Van Moving & Storage Company, a moving and storage company specializing in corporate relocation, facilities services, household relocation and storage services including records management, has signed a five-year lease for a 57,424 square-foot industrial property for $1.4 million. The property is located at 1000 E. Valencia in Fullerton, Calif.Mitch Zehner of Voit Real Estate Services’ Brokerage division’s Anaheim Metro office represented the lessee, Cor-O-Van Moving & Storage Company. Jeff Read and Greg Osborne of Grubb & Ellis represented the lessor, Fullerton Valencia Dr., LLC.Transaction #5:Todd Pipe & Supply, Inc., a wholesale pipe distribution company, has signed a five-year lease for a 60,834 square-foot industrial property for $1.4 million. The property is located at 1005 Edward Court in Anaheim, Calif.Mitch Zehner of Voit Real Estate Services’ Brokerage division’s Anaheim Metro office represented the lessee, Todd Pipe & Supply, Inc. Jeff Chiate and Rick Ellison of Cushman & Wakefield represented the lessor, Bedrosian Edward, LLC.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.