Loading ... Werdin Corporation
|
| Loading ... Werdin Corporation
|
|
Russell Werdin President and Chief Executive Officer t. 949 474-8600 Ext 111 f. 949 474-0311 e. |
| Russ has developed a strong team of real estate development and acquisition professionals and is responsible for overall management and investment policy. Commencing his career in 1970 at one of Southern California's pioneer industrial development companies, Russ has created long-term industry relationships and proven that creative thought combined with solid business practices result in unique and successful projects.
Russ is a second generation University of Southern California alumnus and a past Director of Commerce Associates of the Graduate School of Business. Pursuing the importance of maintaining relationships with industry experts and industry trends, Russ is member of Urban Land Institute, Small Developers Council and The National Association of Industrial and Office Properties. Russ is married and resides with his wife and twin daughters in Newport Beach. Russ is also a member of The Pacific Club and Shady Canyon Golf Club. |
|
David P. Archibald, CFA Executive Vice President, Chief Financial Officer and Chief Investment Officer t. 949 474-8600 Ext 119 f. 949 474-0311 e. |
| As Chief Investment Officer, Dave is responsible for analysis and due diligence of all company acquisitions and dispositions. In addition to the above, Dave serves the company in charge of Asset Management and Property Operations. Additional responsibilities include liaison with the financial and capital markets and oversight of joint ventures and partnerships with co-investors and private equity.
Prior to joining the company in 1998, Dave served in various financial management and analysis positions with The Capital Group, Koll Development Company and Tokai Bank where he was responsible for the management and disposition of a large portfolio of commercial, retail and industrial properties. Dave earned a Bachelor of Science degree in Economics from the University of California, Los Angeles and a Masters degree in Business Administration from the University of Southern California. Professional memberships include the Association for Investment Management and Research where he earned the designation of Chartered Financial Analyst (CFA), Los Angeles Society of Financial Analysis and Institute of Real Estate Management. Dave is married and lives with his wife, son and daughter in Coto de Caza, CA. |
|
A. John Low, A.I.A. Vice President, Director of Acquisitions and Development t. 949 474-8600 Ext 122 f. 949 474-0311 e. |
| John is responsible for the management of the company's development program. Having been employed by major Southern California development companies, John is well known within the commercial and industrial brokerage and construction communities. During his 23 years in the business, John has supervised and managed the development of approximately 12 million square feet of diversified projects. Joining the company in 1999, subsequent to his position as Director of Development for Kilroy Properties, John has successfully delivered $30 million in projects all within budget and pro forma time allotment.
John earned a Bachelor of Arts degree in Architecture from California State University, San Luis Obispo and is a licensed architect in the State of California holding memberships with the National Association of Industrial and Office Properties and American Institute of Architects. |
|
Name Controller & Director of Administration t. 949 474-8600 Ext 123 f. 949 474-9907 e. name@werdin.com |
| Text |
|
Catherine Kennedy Director of Administration t. 949 474-8600 Ext 115 f. 949 474-0311 e. |
| Ms. Kennedy is responsible for the management and coordination of all development outsource relationships and contract administration. Additional duties include property acquisition, escrow and property sales and corporate affairs.
Ms. Kennedy has been with the company since 2001. |
| The company acquires multi-tenant industrial and office parks in the Southern California area in minimum investments of $10 million. Specifications include properties constructed after 1985 with quality materials and in high profile and mature locations. Acquisitions must be below current replacement cost with minimum deferred maintenance. |
| The company has been developing industrial and commercial properties in Southern California since 1980. Project types include multi-tenant industrial and office parks, research and development facilities, and suburban two-story commercial office.
Projects have additionally included environmentally challenged properties and those requiring entitlements. The company acts as a principal in partnership with institutions and private investors or as a development manager. |
|
|
| |
| ||
| Werdin Corporation Text here |
Dyer Business Center
2901-2923 Tech Center Drive Santa Ana, California » Panorama 1 «
» Panorama 2 «
This 5.3 acre industrial-zoned parcel was a joint acquisition by Werdin Corporation and Los Angeles-based Hanover Financial Company in September 2000. Located adjacent to Dyer Road and the Newport (55) Freeway in Orange County, California, the 101,363 square foot multiple industrial park will consist of 12 buildings, ranging in size from 6,700 square feet to 11,000 square feet, with high visibility and easy access to major freeways and nearby services. The buildings will be available on a "for sale" basis. The project will combine a high image design with buildings featuring 24-foot clear height ceilings, mezzanine office space, ground level truck doors and full fire/life safety systems. Construction commenced January 2001.
For additional information and/or a brochure, please contact: Michael Hartel,
|
Redhill Technology Center
2850 South Red Hill Avenue Santa Ana, California A joint development of Werdin Corporation and LNR Property Corporation, this 94,099 rentable square foot two-story Class "A" premier corporate office building is located within the Irvine Business Complex in Orange County, California. Construction commenced August 1999 and was completed in April 2000. The fully leased building features: high profile corporate location, ample free surface parking (4:1), state-of-the-art fiber optics/communications systems to the project, Class "A" amenities, restaurants, hotels and nearby services. Located minutes from the Orange County Airport (John Wayne Airport), the project offers easy access to I-55 and toll roads conveniently leading to other parts of the County.
For additional information, please contact: Robert M. Davis, t. 949 725-8605, David T. Desper, t. 949 725-8504, f. 949 725-8545 |
Airport Technology Center
4127-4129 East Van Buren Road Phoenix, Arizona In June 1998, Werdin expanded its business into the growing Phoenix, Arizona office market by acquiring a 15.2-acre site located near Sky Harbor International Airport. The fully improved vacant parcel is located across from Gateway Center. Construction of the two two-story, large floor plate office buildings (Building I: 75,963 square feet and Building II: 120,549 square feet) totaling 196,512 square feet commenced in October 1998. The $30 million project, presold to a national institutional buyer, was completed in June 1999. Project architect, Butler Design Group, has created a Class "A" appearance and amenities in a campus-style environment to attract identity-conscious corporate users. Building amenities include two-story lobbies, elevators, and high performance glass. The 5:1 parked facility, located 1/4 mile west of 44th Street, is especially well-suited for companies seeking quick access to all freeways, Sky Harbor Airport, and the Central Business District. Gateway Center, within easy walking distance, offers conference and restaurant facilities.
Airport Technology Center is a development of Werdin Development Corporation. |
Pacific Business Center
Tustin, California Orange County’s Newest Prestige Business Address 11 Corporate Style Office / Flex Buildings Move In Ready – Summer 2004 MAKE A GREAT INVESTMENT WITH LOW INTEREST 90% SBA Loans • Park Like Professional Setting 
• Minutes to freeways, John Wayne Airport • Walk to restaurants, retail services • No Bonds or Assessments - Low Tax Rate • 50% + High Quality Office Build-Out • 75% Office Build-Out Approved – Ready Expansion • 25% High volume storage - Truck Door – Air Conditioning Optional • Generous Upgrades – Break Room With Wet Bar, Stone Lobby • Rapid Communications - T1 Broadband Access • Protective CC&R Association Rules – Corporate Image |
|
|
| Werdin Corporation Announces Acquisition of 5.3-Acre Industrial Zoned Parcel in Santa Ana with Plans for Development of 101,000 Square Foot Industrial Park — October 2, 2000
Werdin Corporation, a Newport Beach-based real estate developer, announces the acquisition, by HW-Dyer, LLC, of a 5.3 acre industrial-zoned parcel located in Santa Ana, California. HW-Dyer, LLC is a joint venture between Werdin Corporation and Los Angeles based Hanover Financial Company. |
|
August 10, 2006
Werdin Corporation has entered into a joint venture with Ewing Development, formerly of Denver, CO to acquire a 7.2 acre site located adjacent to the Interstate 15 at the Ontario Avenue off ramp, Corona, CA. The 127,000 square foot Corona Corporate Centre commercial office condominium project is being designed by Douglas Franz, AIA, Laguna Beach, CA. and constructed by HBI Contractors, Newport Beach, CA. The $37.4 million project has been financed by Merrill Lynch Capital, Los Angeles with co-investor, Hanover Financial Company, also Los Angeles. Marketing for the project has been awarded to the team of Kevin Turner and Michael Hartel of Colliers International, Newport Beach, CA. The project may be viewed at www.coronacc.com June 10, 2006 Werdin Corporation was the successful bidder to acquire a 4.2 acre site located on Edinger Avenue, adjacent to its recently completed Pacific Business Center, Tustin. The former AT&T unimproved land will be developed with two state-of-the-art commercial office buildings totaling 66,000 square feet offering condominium ownership for local professional and service businesses. The project will be designed by Ware & Malcomb Architects, Irvine, CA and constructed by HBI Construction of Newport Beach, CA. Marketing for the $22 million project has been awarded to the team of David Bolt, Christopher Bates and John Marchiorlotti of the Newport Beach office of CB-Richard Ellis. The project may be viewed at www.pacificofficeplaza.com. November 23, 2004 — Pacific Business Center, Tustin The 11 building, 57,000 square foot office park is 80% sold out after being completed on schedule and budget. The $12 million project has attracted 8 buyers including a law firm, restaurant franchise operator, toy distributor and graphics designers. Two of the buildings have been further subdivided to allow for smaller units each being under contract for sale to local businesses. The company expects the remaining three units to be sold before the end of the first quarter of 2005, the planned sell out date. The sales and marketing of the project were managed by Scott Read and Oliver Fleener, Grubb-Ellis, Irvine. November 23, 2004 — Werdin-Saunders LLC The company is please to announce the formation of Werdin-Saunders LLC, a venture with Saunders Property Company of Newport Beach. Saunders is known for its aggressive acquisition of commercial and industrial properties in the Southern California area. Under the agreement, Werdin-Saunders LLC shall focus on developing ground up commercial, industrial and mixed use residential properties primarily in the Southern California area. Werdin and Saunders have been partners in two previous company projects, Dyer Business Center and Pacific Business Center. The newly formed company has created a relationship with national homebuilder, K. Hovnanian and local general contractor, Snyder-Langston that shall serve as development and construction manager. January, 2004 — USC Lusk Graduate School University of Southern California - Lusk Graduate School Russell Werdin has been requested to speak on the subject of " Developing Small Buildings For Sale" this coming January 20th at the USC Lusk Graduate School of Real Estate. October, 2003 — Urban Land Institute Russell Werdin, was selected to speak on the topic of "Developing Small Industrial Buildings For Sale" in two separate sessions at this years Urban Land Institute Fall Forum. The company has been selected under an exclusive right to negotiate by the owner of an approximate 5 acre parcel of mixed use land in south Orange County. Plans call for a three story commercial office building and 150 unit seniors apartment project. August 1, 2003 Werdin Corporation has entered escrow to acquire a 3.56 acre commercial site located in the City Of Tustin to develop a 57,160 square foot office - industrial development offering 11 units for sale to small business users. The project is slated to commence construction in September with completion by April 2004. The highly improved state of the art project will offer 55% tenant build-out with parking to accommodate up to 75% office allocation. Units range in size from 4,300 sf. to 6,100 sf. The $11 million project was designed by Ware & Malcomb Architects and is a co-venture with Hanover Financial Company. Construction financing is being provided by Bank of America. August 1, 2003 Werdin Corporation has created a joint venture with an Irvine based company to finance and develop residential student housing projects. The venture proposes to commence construction on its first project in the third quarter of 2004. June 16, 2003 — NAIOP honoree Werdin Corporation has been honored by NAIOP, The National Association Of Industrial and Office Parks, as a recipient of its Exceptional Industrial Properties "Beyond The Box" Award for Dyer Business Center, a 101,000 square foot 12-building project designed for small business users in the City of Santa Ana. The $15 million project was a co-venture with Hanover Financial Company of Los Angeles completed in June 2002. |
 |
 |
 |
 |
 |
 |
|
In 2004, the company received the National Association of Industrial and Office Properties "Thinking Out Of The Box Award" for its 101,000 square foot Dyer Business Center located in Santa Ana, CA. The company has long standing relationships with institutional lenders and private equity capital partners including Saunders Properties and Hanover Financial Company. In 2006 the company formed a joint venture partnership with Ewing Development, formerly of Denver, CO. to develop a 127,000 square foot commercial office condominium project located in Corona, CA. The venture has recently been selected as the developer of a similar 172,000 square foot project in a major Southern California location. We are pleased with the progress the company has made over the past quarter century and is looking forward to future growth as California and Arizona continues their demand for high quality commercial properties. Russell Werdin, |
|
Company History |
|
The Werdin name has been associated with Southern California business since the founding of Los Angeles Paving Company by E. R. Werdin in 1912. For over 60 years, the company established itself as a leading builder of major roads and highways reaching from Ventura to Orange County. The company diversified in the 1960s adding quarry operations and a paint and coatings manufacturing business. It also marked the company's entry into the commercial real estate business with the development of mobile home parks and golf recreation facilities spearheaded by third generation family member, Russell Werdin.
In 1980, Russell Werdin elected to form his own company, Werdin Development Company and relocated to Newport Beach, CA. For a period of 10 years, the company and its affiliated partnerships developed and acquired in excess of $100 million of commercial and industrial real estate properties. In 1990, Werdin Development Company sold its partnership interests to a major national life insurance company and a publicly traded concrete materials manufacturer. For a period of 8 years, Mr. Werdin focused his interest outside the real estate industry, however, reentered the business in 1998.
Projecting that lowering interest rates would attract small business owners to purchase versus lease, the company commenced development in May 2001 of Dyer Business Center, a 6-building, (12 unit) 101,363 square Since 1980 , Russell Werdin, through wholly owned entities, has formed multiple partnerships with recognized institutions and private investors and developed a broad variety of commercial and industrial projects ranging from Research & Development, Multi-Tenant Industrial and Multi-Tenant Office, Warehouse and Distribution, and Planned Unit Developments.
|
|
Management | |||
|
The company operates its business using a combination of outsource and joint ventures that reduce the need for middle management and support resources. The outsource and joint venture approach instituted in 2002 has greatly increased the company's ability to focus on creating new projects by assigning operational tasks to third party professionals and venture partners under fixed amount contracts.
The company has maintained an ongoing relationship with a variety of professional consultants and contractors during its 25 years in business and employs many of them on an exclusive basis such as Ware & Malcomb Architects and HBI Construction in the Southern California area. The continuity derived from working with the same dedicated professionals, project to project, has resulted in creating a homogenous effort that has produced profitable projects on budget and on time.
| |||
|
Russell Werdin President & Chief Executive Officer |
Catherine Kennedy Director of Administration | |
|
Services |
|
As we describe our company, it is evident of our interest in exploring new concepts and continuing pioneering spirit. Today, we remain focused on acquiring and developing commercial office and multi-tenant industrial properties; a field that we know well and continue to believe has both short and long term profit potential.
|
|
The following describes our activities in each field: • Acquisitions • Development |
|
Projects | |
| Developments: | Developments: |
| • Pacific Business Center
Woodlawn Avenue, Tustin, CA • Dyer Business Center 2901-2923 Tech Center Drive, Santa Ana, CA • Redhill Technology Center 2850 South Red Hill Avenue, Santa Ana, CA • Airport Technology Center 4127-4129 East Van Buren Road, Phoenix, AZ | • Pacific Office Plaza 1422-1432 Edinger Avenue, Tustin, CA • Bristol Garry Retail Center 3200 Bristol Avenue, Santa Ana, CA • Corona Corporate Centre (Werdin Ewing Partners) Corona, CA
|
| ||||||
|
| Contact Us: Click for more information |
| Employment: Check for job openings |
foot planned unit development fronting Interstate 55 near Dyer Road, Santa Ana. The project has met with high success with 90% of the project being sold at prices 15% above pro forma at the time of completion. The company is developing Pacific Office Plaza, a 66,000 SF office condominium project and Corona Corporate Centre, a 127,000 SF office condominium project in its Werdin Ewing Partners, LLC venture.
The company believes that commercial and industrial real estate offers an excellent opportunity for investors to hedge against potential downturns in the economy and resulting lowering of equity values in marketable securities.
