Voit Buys $10M Asset, Leases Half

TUSTIN, CA-Voit Development Co. acquires the 86,333-sf office building from the Hamilton Co. and signs Safeco Insurance for a $3.6 million lease for 53% of the space.

By Bob Howard | December 14, 2004 at 01:00 AM

Tomaselli notes that Orange County's office market continues to show signs of improvement with more than 1.1 million sf of net absorption and an average sale price per sf of $186.27 for the third quarter of 2004. Tomaselli, Zehner and Boomer also represented the seller, Gold Realty Co., a private investor based in Beverly Hills.

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