Contact:
Monica Seely/Corynne Randel
Brower, Miller & Cole
(949) 509-6551
mseely@browermillercole.com
VOIT REAL ESTATE SERVICES HANDLES MOTHER’S MARKET LEASE TO OPEN FLAGSHIP STORE IN COSTA MESA
IRVINE, Calif., (February 11, 2010) –Voit Real Estate Services has transacted a ten-year lease on a 25,000 square-foot building for the expansion of the Costa Mesa location of Mother’s Market & Kitchen.
Mother’s Market & Kitchen is a health food market and lifestyle retailer with six locations throughout Orange County. Mother’s will be using this new location on the corner of Newport Boulevard and 19th Street as their flagship store, relocating from its current Costa Mesa address.
“We were able to find a high-visibility corner at the entrance to downtown Costa Mesa and structure a lease that allowed Mother’s Market to build a store that better serves the shopping needs of their customers,” explained Jeffrey Simonds of Voit Real Estate Services Irvine office, who handled the transaction for Mother’s Market. “The new location which is a former Border’s Books space, offers a prime location for Mother’s to expand their business.”
Mother’s Market & Kitchen is anticipated to open in its new location at 1890 Newport Boulevard in late Spring of 2010.
Simonds represented the lessee, Mother’s Market & Kitchen, in this transaction. Jeff Segal represented the landlord, BW Associates.
Voit Real Estate Services, a member of CORFAC International, is one of the largest privately owned, debt-free commercial real estate services firms serving both institutional and private clients in the Western United States. With offices in California, Nevada and Arizona, Voit Real Estates Services can scale asset management, property management, market research, property leasing and sales, financial underwriting, construction and development services to its clients’ individual needs in any market. The firm’s nearly four decades of real estate ownership experience, combined with its asset management platform, provides clients with strategic alternatives, which allow owners of distressed real estate assets to maximize proceeds while minimizing risk.
Voit Real Estate Services was founded in 1971 by Robert D. Voit, who continues to lead the firm. Known for its personal, nimble and responsive service culture, Voit Real Estate Services has developed, acquired or managed more than 40 million square feet of commercial real estate and transacted sales and leases valued in excess of $25 billion. Additional company information is available at www.voitco.com.
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