Voit's new development consists of seven buildings with unitsranging from 2,237 sf to 57,666 sf for sale or lease. The companysays that one of the selling points is the park's location close tothe 5, 405, 118 and 210 freeways.


Tim Regan, vice president of acquisition and development forVoit Development, cites the 2% vacancy rate in the industrialsubmarket and says that the company is enjoying "a great deal ofinterest from buyers and prospective tenants considering leases atthe property.Voit acquired the 10.5-acre project site in 2005.


Regan is the project manager for the industrial park, which wasdesigned by Poliquin Kellogg Design Group and is being built byValley Commercial Contractors. The listing agents for the park areDavid Harding, Greg Geraci, Matt Dierckman and Billy Walk of CBRichard Ellis.


The sales at the Sylmar project follow other recent instances inwhich Voit has sold speculative industrial space in SouthernCalifornia that the company developed in tight markets where littlenew space is under construction. It sold two properties of 31,296sf and a 31,914 sf in the City of Industry in the San GabrielValley that were both developed on a spec basis on two separateparcels. The buildings, which were part of one of the few recentindustrial developments in the San Gabriel Valley, sold within sixmonths of completion of construction.

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