Voit secures Orange County make-up artistry school as a long-term tenant for local landlord
IRVINE, CA – November 17, 2011 – (RealEstateRama) — Michael Hartel and Kevin Turner of Voit Real Estate Services’ Irvine office have successfully completed a new, ten-year, 12,000 square-foot office lease in Irvine for a total consideration of $1.4 million.
Hartel and Turner, both Senior Vice Presidents in Voit’s Irvine office, represented the lessor, REEF Brookhollow, Inc., a real estate investment company.
“The Voit team has successfully represented REEF Brookhollow as a landlord in the past, and in this instance we identified a local vocational school as the right fit for this long-term lease,” said Hartel.
The lessee, Empire Academy, is a make-up artistry school that is relocating its headquarters from Costa Mesa and will fully occupy the newly leased building.
“Vocational schools are excellent tenants, especially in this economy, when people are working to re-train themselves in order to find new jobs,” commented Hartel. “Our team worked diligently to ensure the space would meet the needs of the tenant, including bringing in an architect to demonstrate the various layout options available. Ultimately, we were successful in solidifying a deal that is beneficial to both the landlord and tenant.”
According to its website, Empire Academy is a school for individuals interested in pursuing a career as a professional makeup artist. The academy offers courses ranging from introductory level through advanced artistry for television, video, film, print, runway, bridal and special effects.
Ron Semon of Paradise Commercial represented Empire Academy as the lessee in the transaction. The property is located at 1544 E. Warner Avenue in Irvine, 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 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 250 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.
Brower, Miller & Cole