THE KLABIN COMPANY BROKERS TWO LEASE TRANSACTIONS TOTALING MORE THAN 48,000 SQUARE FEET AT SOUTH BAY INDUSTRIAL BUILDING


February 20th, 2019

Tenants Idea Tooling & Engineering and Pigeon Textile Corporation secure separate long term- leases at 13915-13917 S. Main Street in Gardena.

(February 21, 2019 – TORRANCE, CALIF.)The Klabin Company/CORFAC International today announced it represented South Main Street Investments in two lease transactions totaling more than 48,000 square feet of space at an industrial building located at 13915-13917 S. Main Street in Gardena, Calif. The two leases have a combined value of almost $1.8 million.

The Klabin Company’s Matt Stringfellow, SIOR, Courtney Bell and Tyler Rollema represented South Main Street Investments in the two transactions. The three-year lease, valued at more than $600,000, is for 25,045 square feet, or slightly more than one-half of the building’s total space, and the tenant is Idea Tooling & Engineering, a leading precision molding firm. In the second transaction, Pigeon Textile Corporation, a manufacturing company, secured 23,625 square feet for five years valued at over $1.1 million. Idea Tooling & Engineering was represented by Sean McDonald & Brian McLoughlin of Voit Real Estate Services, and Pigeon Textile was represented by Kevin Kim of Coldwell Banker Commercial.

“This is a classic brick building set in a prime South Bay industrial market with convenient access to freeways and Los Angeles’ transportation centers,” said Stringfellow. “Although built in the early 1970s, it still serves as a functional location for manufacturing companies such as these two tenants. The owner is pleased to have them both.”

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.