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Voit directs seven-year, $5.4 million lease in Anaheim
Firm was able to preserve tenant, create opportunities for the owner through the deal.
By Tamirra StewartPublished: February 22, 2010 01:32 PM
Voit Real Estate Services has directed a seven-year, $5.4 million lease on a 104,000-square-foot industrial property in Anaheim.
The space at 2891 E. Miraloma Ave. was leased to RB Dwyer Co., a converter and supplier of packaging materials, by MS Partners, a real estate investment firm.
Through the deal, the firm was able to both preserve the tenant and create opportunities for the owner, according to Mike Hefner, executive vice president of Voit's Anaheim Metro office.
"Preemptively modifying existing lease terms in exchange for a longer-term tenant commitment is a strategy being implemented by many property owners who want to proactively avoid a vacancy in today’s market,” he says.
Hefner, along with Mike Vernick, represented MS Partners. Ben Seybold and Sean Ward of CB Richard Ellis represented RB Dwyer.
Voit is among the largest privately owned, debt-free commercial real estate companies in the Western U.S. The firm has offices in California, Nevada and Arizona.
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The space at 2891 E. Miraloma Ave. was leased to RB Dwyer Co., a converter and supplier of packaging materials, by MS Partners, a real estate investment firm. Through the deal, the firm was able to both preserve the tenant and create opportunities for the owner, according to Mike Hefner, executive vice president of Voit's Anaheim Metro office. "Preemptively modifying existing lease terms in exchange for a longer-term tenant commitment is a strategy being implemented by many property owners who want to proactively avoid a vacancy in today’s market,” he says. Hefner, along with Mike Vernick, represented MS Partners. Ben Seybold and Sean Ward of CB Richard Ellis represented RB Dwyer. Voit is among the largest privately owned, debt-free commercial real estate companies in the Western U.S. The firm has offices in California, Nevada and Arizona. Related headlines Forever 21 expands at Fashion Island Tustin retail center sells for nearly $3 million Former Irvine Co. exec named head of FNE Holdings |
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