Voit Real Estate Services Completes $3.8 Million OC Acquisition for Global Emi Filter Manufacturer
Contact:
Judith Brower/Jenn Quader
Brower, Miller & Cole
(949)955-7940
JQuader@browermillercole.com
VOIT REAL ESTATE SERVICES COMPLETES $3.8 MILLION
OC ACQUISITION FOR GLOBAL EMI FILTER MANUFACTURER
• Industrial property in Yorba Linda, Calif. will be new headquarters for Radius Power.
Orange County, Calif., (August 1, 2012) – Voit Real Estate Services’ Anaheim office has successfully directed the $3.8 million acquisition of a 34,972 square-foot industrial building in Yorba Linda, Calif. on behalf of the buyer, Radius Power. Radius, a global designer and manufacturer of EMI filters currently based in Orange, Calif., plans to fully occupy the building as its new headquarters to accommodate its expanding manufacturing operations, according to Seth Davenport, a Senior Vice President in Voit’s Anaheim office.
Davenport worked with Mitch Zehner of Voit’s Anaheim office to represent Radius Power as the buyer in the transaction.
“The challenge for buyers in the Orange County market is that mid-sized industrial inventory is in short supply. We are advising buyers to evaluate their long-term needs, especially when considering square footage,” said Davenport. “In this transaction, we successfully identified a space that fit our client’s needs, while providing more square footage than the client was initially seeking, which will allow for future expansion.”
Davenport notes that Radius Power was initially hoping to expand its operations from 10,000 square feet to 25,000 square feet, and plans to utilize the additional space to accommodate its ongoing growth.
The seller, Eastpark Drive, LLC, was represented by Zach Niles of 360 Commercial Partners.
The property is located at 22895 Eastpark Drive in Yorba Linda, 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.
