Shea Properties Signs Three Leases Totaling 750,000 Square Feet at Shea Center Ontario
Emser Tile renews for 400,000 SF, Aeolus Down takes 245,000 SF of new space and Caterpillar renews 105,000 SF
Aliso Viejo, CA, April 26, 2011 --(PR.com)-- Shea Properties announced the signing of three new leases totaling nearly 750,000 square feet at Shea Center Ontario, a five building, 1.65 million square foot distribution center situated along Interstate 10. Walt Chenoweth, Patrick Wood, Frank Geraci and Juan Gutierrez of Voit Real Estate Services’ Inland Empire office represented Shea Properties as the lessor in all three transactions.
The industrial center offers easy access to both the 10 and Interstate 15, and is just minutes from the Ontario Mills Mall and the Ontario International Airport.
“Our team worked closely with Shea Properties in order to renew leases for Emser Tile and Caterpillar Logistics Services, and complete a new lease with Aeolus Down before the previous tenant’s lease had expired,” said Chenoweth, Executive Vice President of Voit’s Inland Empire office.
“These successful transactions speak to the efforts of the Voit team as well as the quality of the product offered by Shea Properties. The location is ideal for all three tenants, offering great brand recognition due to the exceptionally high traffic count that passes the building on Interstate 10 each day.”
· Emser Tile, a leading supplier of the world’s finest tile and natural stone, renewed its lease for 400,000 SF. Walt Chenoweth, Patrick Wood, Frank Geraci and Juan Gutierrez of Voit Real Estate Services’ Inland Empire office represented the lessor.
· Aeolus Down, distributor of quality down comforters, signed a new lease for 244,947 SF. Voit’s Inland Empire team represented the lessor, and Larry Kliger of Lawrence Allen & Associates represented the tenant.
· Caterpillar Logistics Services, a technology-based company providing customized solutions that transform distribution systems to help companies lower distribution costs while improving customer service and brand loyalty, renewed its lease for 103,587 SF. The Voit team represented the lessor, and Dan de la Paz of CB Richard Ellis represented the tenant
About Shea Properties (www.sheaproperties.com)
Shea Properties, headquartered in Aliso Viejo, California, is a diversified real estate company responsible for the acquisition, design, development, construction and management of business parks, shopping centers, apartment communities and mixed-use environments. Since beginning operations in 1969, annual revenues have grown steadily to more than $200 million, while the overall value of the stabilized portfolio has grown from $150 million to more than $2.25 billion. Shea Properties currently owns and operates approximately 6,300 apartment units and 6 million square feet of office, industrial and retail space in California, Colorado and Arizona. The development pipeline holds an additional 2,200 apartment units and 2.5 million square feet of commercial space. In concert with sister company, Shea Homes, the nation's largest private home builder, Shea Properties offers a range of capabilities matched by few other developers in the industry.
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 scaled to clients’ needs. Combining 39 years of expertise in property management, investment advisory, financial analysis, market research, asset management, tenant advisory and brokerage 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 230 people. Voit has owned, developed and managed over 45 million square feet of commercial real estate, participated in $1.35 billion of construction projects and completed over $33 billion in brokerage transaction volume. Further information is available at www.voitco.com.
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The industrial center offers easy access to both the 10 and Interstate 15, and is just minutes from the Ontario Mills Mall and the Ontario International Airport.
“Our team worked closely with Shea Properties in order to renew leases for Emser Tile and Caterpillar Logistics Services, and complete a new lease with Aeolus Down before the previous tenant’s lease had expired,” said Chenoweth, Executive Vice President of Voit’s Inland Empire office.
“These successful transactions speak to the efforts of the Voit team as well as the quality of the product offered by Shea Properties. The location is ideal for all three tenants, offering great brand recognition due to the exceptionally high traffic count that passes the building on Interstate 10 each day.”
· Emser Tile, a leading supplier of the world’s finest tile and natural stone, renewed its lease for 400,000 SF. Walt Chenoweth, Patrick Wood, Frank Geraci and Juan Gutierrez of Voit Real Estate Services’ Inland Empire office represented the lessor.
· Aeolus Down, distributor of quality down comforters, signed a new lease for 244,947 SF. Voit’s Inland Empire team represented the lessor, and Larry Kliger of Lawrence Allen & Associates represented the tenant.
· Caterpillar Logistics Services, a technology-based company providing customized solutions that transform distribution systems to help companies lower distribution costs while improving customer service and brand loyalty, renewed its lease for 103,587 SF. The Voit team represented the lessor, and Dan de la Paz of CB Richard Ellis represented the tenant
About Shea Properties (www.sheaproperties.com)
Shea Properties, headquartered in Aliso Viejo, California, is a diversified real estate company responsible for the acquisition, design, development, construction and management of business parks, shopping centers, apartment communities and mixed-use environments. Since beginning operations in 1969, annual revenues have grown steadily to more than $200 million, while the overall value of the stabilized portfolio has grown from $150 million to more than $2.25 billion. Shea Properties currently owns and operates approximately 6,300 apartment units and 6 million square feet of office, industrial and retail space in California, Colorado and Arizona. The development pipeline holds an additional 2,200 apartment units and 2.5 million square feet of commercial space. In concert with sister company, Shea Homes, the nation's largest private home builder, Shea Properties offers a range of capabilities matched by few other developers in the industry.
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 scaled to clients’ needs. Combining 39 years of expertise in property management, investment advisory, financial analysis, market research, asset management, tenant advisory and brokerage 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 230 people. Voit has owned, developed and managed over 45 million square feet of commercial real estate, participated in $1.35 billion of construction projects and completed over $33 billion in brokerage transaction volume. Further information is available at www.voitco.com.
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Cornerstone Communications
John Christensen
949-735-0394
www.cornerstonecomms.com
John Christensen
949-735-0394
www.cornerstonecomms.com
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