SMURFIT KAPPA, A WORLD LEADER IN PAPER-BASED PACKAGING, SECURES LEASE FOR 120,000 SQUARE-FOOT BUILDING IN CITY OF INDUSTRY


December 6th, 2018

The Klabin Company represents international industry leader in the 61-month lease valued at more than $5.7 million.

(DECEMBER 6, 2018 – TORRANCE, CALIF.) – Signifying that the industrial market remains red hot in the greater Los Angeles region, The Klabin Company/CORFAC International today announced it negotiated a lease on behalf of Smurfit Kappa, a world leader in paper-based packaging, for a 120,000 square-foot building at 505 S. 7th Avenue in the City of Industry.

The Klabin Company’s Mike Ouellette and Todd Taugner represented Smurfit Kappa in the 61-month lease transaction valued at more than $5.7 million. The landlord, Majestic Realty, was represented by Terry Baker, a senior vice president with the company.

Smurfit Kappa, which is expanding its operation locally, will use the industrial space for corrugated packaging and as a key distribution warehouse for its customers around the western United States. The international industry leader is the number one company in Europe producing corrugated packaging, containerboard and “bag in box” products. It is headquartered in Dublin, Ireland and operates with 45,000 employees in 33 countries around the world.

“We are extremely proud of this lease transaction which brings together a company that is at the top of its global industry with Majestic Realty, a best in class owner of industrial real estate,” said Ouellette. “Prime industrial location, 175 parking spaces, 22’ clear height, eight dock-high doors and expansive yard are some of the amenities that were attractive to Smurfit Kappa. 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., 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.