Industrial condos to be built in Sylmar.Fresh off the success of its Burbank Airport Commerce Center, Voit Development Co. bas acquired a 10.5 acre site with plans to build a 200,000-square-foot industrial park in Sylmar. The property had not been listed for sale. It was subdivided and entitled by the seller, Tutor Saliba Construction Co., for a 95,000-square-foot building. The limited building potential along with a slope on the site dissuaded several other developers who had previously gone after the property. But when Voit officials began to examine the history behind the entitlements, they discovered that there would be considerably more opportunity to build there, said Tim Regan Tim Regan (born June 27, 1981 in Orland Hills, Illinois) is an American soccer player, who currently plays as a defender for Red Bull New York of Major League Soccer. , vice president of acquisitions and development for Voit. Regan would not disclose the purchase price, but others familiar with the deal estimated the company paid $23 to $26 per square foot for the property. Voit plans to develop 95,000 square feet of industrial condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. units ranging from 2,500 square feet to 36,000 square feet each in the first phase. The second phase will include small industrial buildings for sale or build to suit projects. The project is located at 15900 Olden old·en adj. Of, relating to, or belonging to time long past; old or ancient: olden days. [Middle English : old, old; see old + -en, adj. St. It follows the successful completion of another industrial condominium project Volt built at the Burbank Airport Commerce Center, a 21-acre industrial park in Sun Valley. The units in that project were sold before they were completed, thanks largely to the strong demand by small industrial companies. Voit has also acquired a 72,000-square-foot industrial property in Sun Valley with plans to subdivide TO SUBDIVIDE. To divide a part of a thing which has already been divided. For example, when a person dies leaving children, and grandchildren, the children of one of his own who is dead, his property is divided into as many shares as he had children, including the deceased, and the share it and offer 24 industrial condominiums for sale. Those units will be priced at $595,000. David Harding David Harding may refer to the following people:
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