SPECTRUM CHEMICAL EXPANDS LOS ANGELES FOOTPRINT WITH LEASE OF MORE THAN 72,000 SQUARE FEET IN GARDENA


December 6th, 2018

The Klabin Company Represents Both Sides in Transaction at Industrial Building Located Next Door to Chemical Manufacturer’s Current Facility.

(DECEMBER 3, 2018 – TORRANCE, CALIF.) – Spectrum Chemical, a leading chemical manufacturer and distributor, is expanding its Los Angeles operations and it’s not moving far to do so.

The Klabin Company/CORFAC International today announced it negotiated a lease for Spectrum Chemical in an industrial building at 14400 S. San Pedro St. in Gardena, Calif. The family-owned chemical company, which has been in business for nearly 50 years, will occupy 72,774 square feet of space on 150,997 square feet of land, representing significant growth from its existing location right next door. The lease for the new building, which had been used for the manufacturing of glazing systems since it was built in 1974, is for 85 months and valued at more than $5.3 million. Spectrum will use the property for warehousing and distribution.

The Klabin Company’s Senior Vice President Matthew Stringfellow, SIOR, represented Spectrum Chemical along with his colleagues, Senior Vice President Courtney Bell and Senior Associate Tyler Rollema. The same team also represented the landlord, RML Group, LLC.

Established in 1971, Spectrum Chemical is a premier global manufacturer and distributor of fine chemicals, laboratory equipment and supplies. One of the most widely known chemical companies in the U.S., Spectrum manufactures and distributes the largest offering of USP chemicals in the world, including laboratory, scale up and bulk quantities. The company provides fine chemicals, equipment and supplies to a wide range of industries.

“This is an older generation building originally designed for manufacturing, but its physical attributes—prime location, expansive yard, and dock high loading—make it desirable in today’s market for an array of uses,” said Stringfellow. “While we garnered extensive interest and activity from various users, it was a win-win for both Landlord and Tenant to continue their relationship, originally established as neighbors, and secure a long-term lease with a known, proven entity.”

 

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.