ACTION GYPSUM SUPPLY, ONE OF THE NATION’S LEADING INDEPENDENT SUPPLIERS OF BUILDING MATERIALS, SECURES LEASE IN CARSON


November 12th, 2018

The Klabin Company represents building owner, Overton Moore Properties, in the more than eight-year lease for 53,699 square feet valued at almost $5 million.

(NOVEMBER 9, 2018 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it negotiated a lease on behalf of Overton Moore Properties, for its industrial building at 1225 E. Artesia Boulevard in Carson, Calif.

The Klabin Company’s Senior Managing Principal David Prior, SIOR, Managing Principal Frank Schulz III, SIOR, and Executive Vice President/Principal Todd Taugner, SIOR, represented Overton Moore in the 99-month lease transaction for 53,699 square feet of space and valued at almost $5 million. The tenant, Action Gypsum Supply West, L.P., one of the nation’s leading independent suppliers of building materials, was represented by C.J. Collins of Voit Real Estate Services.

Action Gypsum, which is expanding operations from its previous location in Long Beach, will use the industrial space for wholesale drywall sales and construction supplies and as a key distribution warehouse for its customers around the western United States. Action Gypsum is headquartered in Houston and was founded in 2003 by Managing Partners Lenin Juarez and Terri King who have overseen the company’s growth into major markets in Texas, Arizona and California.

“We are proud to able to represent a best in class owner of industrial real estate. Overton Moore’s commitment to providing a fully maintained and refurbished building was key to the success of this transaction,” said Prior. “Enhanced image, expansive yard, 22’ clear height, eight dock-high doors and freeway frontage are some of the amenities that were attractive to Action Gypsum. This is a win-win for both parties.”

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.