CAPSTAN INC., ONE OF NORTH AMERICA’S LEADING POWDER METAL COMPANIES, EXPANDS OPERATIONS WITH PURCHASE OF INDUSTRIAL PROPERTY IN COMPTON


August 20th, 2018

The Klabin Company Represents Both Sides in Above-Asking Price Sale of Concrete Tilt-Up Building in Prime South of 91 Freeway Location

(AUGUST 16, 2018 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it negotiated the sale of a pristine concrete tilt-up building with 10,427 square feet at 1211 Kona Drive in Compton, Calif. The property is located on a one-half acre parcel of land, just south of the 91 Freeway in a prominent South Bay industrial area.

David Grote, principal with The Klabin Company, represented the seller, Deluca Living Trust, in the more than $2.7 million above-asking transaction. The property was sold to Capstan, Inc., an international powder metal company, which is expanding its operations. The company is moving Capstan Permaflow, led by President Christian Paullin, from nearby Carson, where it already owns and operates three buildings. The Klabin Company’s Senior Vice President Matthew Stringfellow, SIOR, and Senior Vice President Courtney Bell represented Capstan in the purchase.

For 70 years, Capstan has been making sustainable progress in the powder metal industry and driving positive change on every continent. The company strives to deliver the highest quality products for an affordable price in a timely manner. Customers turn to Capstan to help them develop engineered solutions to their products and services. Capstan is one of North America’s leading powder metal manufacturers with a broad range of capabilities, technologies, material solutions and decades of experience.

“This property worked for Capstan because of its ideal size and proximity to their current facility in Carson,” said Stringfellow. “1211 Kona, which was well maintained and ideally located, provides the necessary room for expansion in this market.”

 

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., 6 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 10,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8.0 billion in 2017. Contact CORFAC at (224) 257-4400 or www.Corfac.com.