Search
 

Voit Buys Value-Add Business Park

LAS VEGAS-The acquisition of the 172,328-square-foot industrial business park here from an institutional lender is the firm’s first acquisition in more than five years.

By Natalie Dolce | Updated on July 09, 2012

LAS VEGAS-GlobeSt.com exclusively learns that Newport Beach, CA-based Voit Real Estate Services has just completed its first investment acquisition in more than five years. The firm has acquired Cheyenne Technology Center, formerly called North Port Business Center, for $11.9 million.

“An institutional lender” was the seller of the 172,328-square-foot industrial business park here in North Las Vegas. Robert Voit, CEO and founder of Voit, (who will receive the lifetime achievement award in August at RealShare Orange County) says that the firm will invest an additional $700,000 in the property over the next six months and “market it aggressively.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.