Irvine, CA (Feb. 08, 2012) – Voit Real Estate Services’ Irvine office has successfully completed the $27.75 million sale of a 155,499 square-foot R&D facility in Irvine, Calif., which has been occupied by Mazda North American Operations (top left photo) for more than 20 years.
John Griffin, Executive Vice President in Voit’s Irvine office, represented the seller, EFT Holdings, a private, family-run investor. The buyer was Mazda North American Operations.
“Large facilities in Orange County are in high demand, as availability for properties above 100,000 square feet dropped to two percent throughout the county last quarter,” said Griffin. “As occupancy increases, buyers and investors are motivated to make deals. In this case, Mazda was ready to make a long-term commitment to this location.”
The three-building campus property serves as Mazda’s U.S. research and development facility, where the company conducts technology and market trend studies; develops new designs and evaluates product conformity for the North American market, according to its website.
The Mazda North American Operations R&D facility is located at 1421 Reynolds, and 1424 and 1444 McGaw Ave. in Irvine, Calif.
Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States, Canada and Mexico through nearly 900 dealers. Operations in Canada are managed by Mazda Canada, Inc., located in Ontario; and in Mexico by Mazda Motor de Mexico in Mexico City.
For more information on Mazda vehicles, visit the online Mazda media center at www.mazdausamedia.com.
Contact:
Judith Brower / Jenn Quader
Brower, Miller & Cole
(949) 955-7940
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