VOIT COMMERCIAL BROKERAGE DIRECTS THE SALE OF 11 BUILDINGS AT VALENCIA BUSINESS CENTER FOR $21.3 MILLION

Contact:

Jen Olewinski/James MacGregor

Brower, Miller & Cole

(949) 509-6551

VOIT COMMERCIAL BROKERAGE DIRECTS THE SALE OF 11 BUILDINGS AT VALENCIA BUSINESS CENTER FOR $21.3 MILLION

FULLERTON, Calif., (July 15, 2008) – Voit Commercial Brokerage, a member of CORFAC International, has represented Magellan Group, a Los Angeles-based real estate investment and development firm, in the sale of 11 industrial buildings totaling 115,515 square feet in Fullerton, Calif. for $21.3 million.

The 11 buildings are part of a newly developed 221,253 square-foot industrial business park, Valencia Business Center, which is comprised of 25 buildings ranging in size from 5,117 square feet to 23,816 square feet.

“The project is well-located in a mature industrial market and features a high-image design and fenced yard areas, as well as a variety of additional features attractive to owner users. We have continued interest in the project, with two buildings in escrow and strong interest in the remaining buildings,” said Mike Hefner of Voit Commercial Brokerage’s Anaheim Metro office. “Our marketing expertise coupled with a strategic marketing program enabled us to locate 11 qualified buyers prior to the completed construction of the project.”

The 11 properties included in the recent sales are:

1324 E. Valencia Drive, a 7,818 square-foot industrial building, was acquired by Sung-Ho Kim for $1.5 million
1344 E. Valencia Drive, a 7,850 square-foot industrial building, was acquired by WCP Enterprises for $1.5 million
1376 E. Valencia Drive, a 14,587 square-foot industrial building, was acquired by Ying-Ching Wu for $2.6 million
1332 E. Valencia Drive, a 7,618 square-foot industrial building, was acquired by Kiwan Kang for $1.5 million
1364 E. Valencia Drive, a 7,968 square-foot industrial building, was acquired by JAJ Management for $1.5 million
1388 E. Valencia Drive, a 11,908 square-foot industrial building, was acquired by Theodore Hoyt for $2.2 million
1400 E. Valencia Drive, a 10,637 square-foot industrial building, was acquired by CK REI, LLC for $1.9 million
1488 E. Valencia Drive, a 11,908 square-foot industrial building, was acquired by Yoo’s Investment, LLC for $1.9 million
601 Sally Place, a 13,810 square-foot industrial building, was acquired by James Lehner for $2.5 million
535 Sally Place, a 10,467 square-foot industrial building, was acquired by Minh To for $1.9 million
575 Sally Place, a 10,912 square-foot industrial building, was acquired by Seacliff Investments for $2 million

Valencia Business Center is located at the intersection of E. Valencia Drive and Sally Place in the city of Fullerton, Calif., in close proximity to the Fullerton Amtrak Station Platform and with excellent access to the 91, 57 and 5 Freeways.

Mike Hefner and Mike Vernick of Voit Commercial Brokerage’s Anaheim Metro office represented the seller, Magellan Group, in each of the 11 sales transactions. Hefner and Vernick also represented two of the 11 total buyers in the transaction.

Hefner and Vernick are the exclusive marketing representatives for the remaining 14 industrial buildings at Valencia Business Center. More information about the development is available at www.vbcfullerton.com.

Magellan Group, a real estate development company, encompasses experts who specialize in acquisition, development, finance, leasing and property management services.

Voit Commercial Brokerage, a member of CORFAC International, is a full-service brokerage firm that specializes in the sales and leasing of office, industrial and retail properties, in addition to investment property sales. Since the firm’s inception, it has completed sales and lease transactions valued in excess of $14 billion. A subsidiary of The Voit Companies, Voit Commercial Brokerage has offices in Irvine, Anaheim, Chula Vista, San Diego and Las Vegas.

The Voit Companies can be reached at www.voitco.com.

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