Voit Real Estate Services Directs $24 Million Sale Of Class A Inland Empire Office Property
Judith Brower/Jenn Quader
Brower, Miller & Cole
VOIT REAL ESTATE SERVICES DIRECTS $24 MILLION SALE
OF CLASS A INLAND EMPIRE OFFICE PROPERTY
• Voit directed the sale of three office buildings totaling 282,760 square feet in the Corona Summit Corporate Center.
INLAND EMPIRE, Calif., (April 24, 2012) –Voit Real Estate Services’ Irvine and Anaheim offices have successfully directed the $24 million sale of three office buildings encompassing 282,760 square feet in the Corona Summit Corporate Center, on behalf of the seller. The property is comprised of three Class A, mixed-use office buildings, located at 2375, 2390 and 2455 Anselmo Drive in Corona, Calif.
John Griffin and John Harty of Voit’s Irvine office worked with Rob Socci and Peter Castleton of Voit’s Anaheim office to represent the seller, Corona Summit LLC, in the transaction.
“This sale is representative of the ongoing strength of investor interest in the Inland Empire market,” said Griffin. “We knew that this vacant property presented an excellent value-add opportunity for investors, and we launched an extensive marketing campaign which resulted in more than 25 offers. The competition amongst potential buyers allowed us to secure favorable terms for our client, while negotiating a deal that was beneficial to both parties.”
The buyer, Latham Management and Consulting, plans to occupy a portion of the property and lease out the renaming space.
The property is located adjacent the 91 Freeway at McKinley Street in the City of Corona.
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.