INTERNATIONAL TIRE MANUFACTURER SECURES LEASE AT FULLY REFURBISHED INDUSTRIAL BUILDING IN RANCHO DOMINGUEZ AS NORTH AMERICAN OPERATIONS EXPAND


May 29th, 2018

The Klabin Company represents building owner, Crown Associates Realty, LLC, in seven-year lease for 116,100 square feet valued at more than $10 million.

(MAY 29, 2018 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it negotiated a lease on behalf of Crown Associates Realty, Inc. for its industrial building at 19119 S. Reyes Avenue in Rancho Dominguez, Calif.

The Klabin Company’s Senior Vice President Matthew Stringfellow, SIOR, along with his colleagues Courtney Bell and Tyler Rollema, represented Crown Associates Realty, Inc. in the seven-year lease transaction for 116,100 square feet of space and valued at more than $10 million. The tenant, Maxam Tire North America, Inc., a leading international tire manufacturer, was represented by Casey Mungo of Daum Commercial.

Maxam Tire North America Inc. will use the fully refurbished industrial space as a key distribution warehouse to support its growing dealer network throughout the U.S., specifically for its OTR and industrial tire lines. The company is a subsidiary of Maxam Tire International of Birmingham, U.K. and has been active in the U.S. market since 2012.

“In 2014, Crown Associates Realty, Inc. completely refurbished and repositioned what was an older, 1970s manufacturing building into a highly functional warehouse distribution facility that competes with newer Class A product in an ever-tightening industrial market,” said Stringfellow. “The enhanced image, ESFR sprinkler system, expansive yard and 30’ clear height are a few of the amenities Maxam Tire needs as it rapidly expands in North America.”

 

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.