DOVETAIL FURNITURE & DESIGNS EXPANDS LOGISTICS ACTIVITIES IN CARSON, CA T0 90,000 SQUARE FEET


June 19th, 2017

CARSON, CA – In an expansion and consolidation of its Los Angeles area warehouse and logistics operations, Dovetail Furniture and Designs has leased an additional 39,445 square feet of space in a Carson, CA industrial building that will bring their total occupancy at the site to 90,650 square feet, announces The Klabin Company/CORFAC International.

Dovetail Furniture and Designs specializes in an “eclectic range of handmade furniture, accessories and textiles from around the world.”   The company expects to complete expansion of property located at 16901 Keegan Ave., where it already occupies 51,205 square feet, in November.    Dovetail Furniture is headquartered nearby at 14000 S. Figueroa St. where it also maintains a showroom and primary warehouse activities.

Matt Stringfellow, SIOR, senior vice president of The Klabin Co., and Courtney Bell, senior vice president, represented Dovetail Furniture in the lease transaction, and also dealt direct with the property owner, Alere.  Consideration for the four-year lease was $2.8 million.

“We’re pleased that we were able to secure the space for Dovetail’s expansion in a competitive environment with multiple offers and a bidding war at a competitive rate for the tenant,” said Stringfellow.

Reflecting ongoing increases in South Bay industrial property values, Stringfellow added that the lease rate for Dovetail’s expansion represents a 35 percent increase over the current base rent they are paying on the portion of the building they currently occupy and renewed in mid-2015.

The new space to be occupied by Dovetail Furniture features concrete tilt-up construction, 10 dock high loading positions, 1,827 square feet of office space, 22-foot clear height, and on-site parking for 85 cars.

 

 

About The Klabin Company/CORFAC International

Now in its sixth decade, The Klabin Company/CORFAC International is ranked among the top commercial real estate companies based in Los Angeles.  The firm is affiliated with CORFAC International.  For more information go to www.klabin.com.

About CORFAC International

CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail properties, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services.  CORFAC has 81 offices throughout the Americas, Europe and Asia.  Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions in 2015 totaling 500 million square feet of space valued in excess of $8.5 billion.  For more information on the CORFAC network, call the Chicago headquarters at 224-257-4400 or visit www.corfac.com.