BIG BUS, WORLD’S LARGEST OPERATOR OF OPEN-TOP SIGHTSEEING TOURS, SECURES LEASE AT INDUSTRIAL BUILDING IN SAN FERNANDO FOR L.A. OPERATIONS


June 6th, 2019

The Klabin Company represents Big Bus in negotiating 61-month lease for almost 50,000 square feet valued at more than $2.6 million.

(JUNE 5, 2019 – TORRANCE, CALIF.)The Klabin Company/CORFAC International today announced it negotiated a lease on behalf of Big Bus, the world’s largest operator of open-top sightseeing tours, for a close to 50,000-square-foot building at 720 Jessie Street in San Fernando, Calif.

The Klabin Company’s Mike Ouellette represented Big Bus in the 61-month lease transaction valued at more than $2.6 million. The landlord, Crossroads Trust, was represented by Paul Sablock and Brent Weirick of JLL.

Big Bus provides sightseeing tours in 20 cities across three continents. Its new location in San Fernando will serve as its base of operations for the Los Angeles market. Big Bus’s sightseeing formula has been designed to provide a flexible approach to city discovery. Each open-top bus tour offers a hop-on, hop-off facility at a variety of interesting locations and, wherever possible, Big Bus looks to enhance the visitor sightseeing experience by providing complementary services.

“Big Bus is the go-to brand for sightseeing tours in the most visited cities around the globe, and the Los Angeles market has been key to its success and expansion,” said Ouellette. “It was attracted to San Fernando as a prime industrial location near major freeways with easy access to Hollywood, its starting point for tours. This building serves its operations perfectly with an expansive yard to park its fleet of buses. The 20’ clear height and 2,293 square feet of brand-new offices were some of the other amenities that were attractive to Big Bus in leasing this property. This is the most innovative company in the open-top sightseeing business, and we look forward to watching its continued growth from this new facility.”

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.