Santa Ana, CA (March 29, 2012) – Voit Real Estate Services’ Irvine office has successfully completed the $4.7 million acquisition of Edinger Business Park (top left photo), a 61,923 square-foot multi-tenant industrial and office park in Santa Ana, Calif., on behalf of the buyer.
The three-building property was 91 percent occupied when it was acquired, according to Dan Vittone (middle right photo), a Senior Vice President in Voit’s Irvine office.
Vittone worked with Alan Pekarcik (lower left photo), an Executive Vice President in Voit’s Irvine office, to represent the buyer, Frome Developments Omega, LLC (www.fromeinc.com) - a family-owned, Orange County-based investment company that owns 28 business parks throughout Southern California.
“This transaction is unique, as very few multi-tenant office/industrial parks in Orange County have traded in the past 18 months,” said Vittone. “We knew that our client, Frome Developments, owned other properties within the Santa Ana submarket. When we identified this stable, value-add opportunity, we brought it to our client and successfully directed the acquisition on their behalf.”
Edinger Business Park is located at 1560, 1570 and 1580 E. Edinger Avenue in Santa Ana, Calif.
Contact:
Jenn Quader/ Judith Brower
Brower, Miller & Cole
(949) 955-7940
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