The marketing team sold an underperforming 277,000 sq. ft. industrial project to Westcore Properties in 2004. Voit was retained as the leasing broker and assisted in tenant renewals, rehabilitation, lease-up of vacant space and stabilization of the project at a significant increase in rents. Voit subsequently represented the owner in the sale of the project in 2007 for $24 million, that was the largest industrial building sale in West Orange County in 2007. The owner realized an increased value of the asset of over 60% in just three years.
Client: Westcore Properties
Address: 12752-12822 Monarch Street,
Garden Grove, CA