THE KLABIN COMPANY BROKERS SALE OF METAL MANUFACTURING BUILDING IN GARDENA, CALIF.


March 12th, 2018

$2.5 Million Transaction Negotiated on Behalf of Building Owner, Cox Die Casting, to Innovator in Powdered Metallurgy Technology

(FEBRUARY 27, 2018 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it negotiated the sale of a more than 16,000-square-foot metal manufacturing building at 1528 W. 178th Street in Gardena, Calif.

The Klabin Company’s Matthew Stringfellow, SIOR, Courtney Bell and Tyler Rollema represented the building’s seller, Cox Die Casting, in the $2.5 million transaction. The property was sold to PSM Industries, Inc. (PSM) who is expanding its PolyAlloys Injected Metals, Inc. division from its current nearby location in Los Angeles. John Lasiter of LA Commercial, Inc. represented PSM in the purchase.

According to Stringfellow, the new owner will continue to use the building for metal manufacturing. Since 1956, PSM has been a family business centered on high-volume parts fabrication utilizing powdered metallurgy (PM) technology. PM is a recognized green process which utilizes recycled metals to produce highly-engineered precision components for a vast array of industrial applications. PSM manufactures its precision-engineered parts through eight operating divisions nationwide and has become a world leader in PM technology.

“This is an ideal property for the buyer who plans to do an extensive rehab/refurb of the property including the installation of a hydrogen tank to support its manufacturing process,” said Stringfellow. “The South Bay continues to be a leader in attracting the very best in the industrial sector. This sale is an example of matching the right property with the right company, so it can continue to grow and innovate.”

 

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. With clients around the world, The Klabin Company specializes in industrial, office, investment and development services. It combines cutting-edge research and analysis with years of experience to keep abreast of ever-changing market dynamics to ensure the best possible value for its clients in every facet of its business. 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 brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services.

Founded in 1989, CORFAC has 47 firms in the U.S., five in Canada and 27 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 11,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8.5 billion in 2016. For more information on the CORFAC network, call the Chicago headquarters at 224-257-4400 or visit www.Corfac.com.