Orange County, CA, (May 31, 2012) – Mitch Zehner and Seth Davenport of Voit Real Estate Services’ Anaheim office have directed the five-year lease renewal of a 20,000 square-foot industrial building for a total consideration of $561,300 on behalf of the lessor.
Located at 527 Fee Ana Street in Placentia, Calif., this warehouse property will continue to be fully occupied by CMI Precision Machining, a company that specializes in cnc machinery and related products, according to Zehner, Executive Vice President in Voit’s Anaheim office.
Zehner worked with Davenport, a Senior Vice President with Voit, to represent Terola Enterprises as the lessor. The lessee, CMI Precision Machine, was represented by Greg Osborne of Newmark Grubb Knight Frank.
“We’re seeing Orange County industrial tenants sign increasingly longer leases as the supply of mid-sized warehouse space continues to diminish,” said Zehner. “Many tenants in this market are now ready to secure existing and larger facilities which is a good indication that the market is continuing to stabilize.”
Contact:
Jenn Quader/Judith Brower
Brower, Miller & Cole
(949) 955-7940
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