ESSEX REALTY AWARDED LEASING/MANAGEMENT CONTRACT FOR MAJOR INDUSTRIAL/OFFICE BUSINESS PARK PORTFOLIO
June 28, 2010
Top Regional Property Management Firm to Oversee
300,000-Square-Foot Portfolio Located Throughout Orange County
IRVINE, Calif. — June 28, 2010 - Essex Realty Management (“ERM”) - one of the top regional commercial property management firms in the Western United States, was recently awarded a leasing and property management contract for the Zuma Business Center portfolio. The portfolio consists of three multi-tenant industrial/office business parks located in Anaheim and Buena Park, Calif.
The client, a long term owner of the properties - awarded Essex Realty the assignment due to the firm’s considerable expertise in servicing private clients.
“Our client is the family that originally developed these properties and is planning to own these assets long term as legacies for the family,” said Craig Ersek, principal and executive vice president of Essex Realty Management. “This is why the owner was looking for a company that had a lot of experience with similar “legacy owners” and understood the long-term perspective of real estate ownership. Anyone can pay the bills and collect the rent, but we’ve built a strong niche in providing similar “legacy clients” with day-to-day real estate services coupled with senior level oversight from our principals who take the time to work closely with the client to understand their goals and objectives.”
The Zuma Business Park portfolio is currently ¬¬¬¬85 percent leased and consists of a 175,000-sf property located at Miraloma Avenue in Anaheim, Calif. offering industrial/office space from 600 — 5,000-sf; a 77,000-sf property located at Orangethorpe/Knott in Buena Park, Calif. offering 300 - 3,500-sf of industrial/office units and a 46,000-sf property located at Orangethorpe/Western in Buena Park, Calif. offering 1,000 — 1,500-sf of industrial/office space.
“I’ve worked with the principals at Essex Realty for more than 10 years so when the owners of Zuma Business Park asked me for my recommendation for a property management company — Essex was the only choice,” said John Eubanks, principal of Lee & Associates-Orange, Inc. “It is simple, if I had an asset of 50,000 square feet or larger, especially multi-tenant industrial, Essex Realty is the firm I’d highly recommend.”
Contact:
Craig Ersek - Vice President
949-798-8100 • Click here to email