ROOM & BOARD RENEWS LEASE FOR KEY DISTRIBUTION CENTER AT STORM BUSINESS PARK IN TORRANCE


November 13th, 2019

The Klabin Company Negotiates Five-Year Transaction for 70,223 Square Feet on Behalf of Storm Properties, Inc.

 

(November 13, 2019 – TORRANCE, CALIF.)The Klabin Company/CORFAC International today announced it negotiated a lease renewal on behalf of Storm Properties, Inc. at the Storm Business Park, located at 1390 W. Storm Parkway in Torrance, Calif.

 

The Klabin Company’s Matthew Stringfellow, SIOR, and Courtney Bell represented Storm Properties in the five-year lease transaction for 70,223 square feet of space valued at more than $4.6 million. The tenant, Room & Board, Inc., a leading designer of furniture, was represented by Cushman & Wakefield’s Rooney Daschbach and Rusty Smith.

 

Room & Board is a privately held, national retailer of modern home furnishings based in Minneapolis, Minnesota with locations across the country. Since 1980, it’s been providing extraordinary experiences for its customers in helping them create homes that reflect their lifestyles. The company creates exclusive contemporary furniture designs, expertly crafted in America to offer the best value in terms of quality, design longevity and environmental sustainability. Room & Board will continue to utilize 1390 W. Storm Parkway as a key distribution center for its customers in Southern California.

 

“Built in 2009, this concrete tilt-up building features 18 dock-high positions, a spacious warehouse and 2,600 square feet of offices for the Room & Board workforce,” said Stringfellow. “This is one of the largest industrial buildings in Storm Business Park and it will continue to serve the distribution needs of Room & Board. Storm Properties is thrilled to have them as a tenant for several more years.”

 

Storm Business Park is a premier, master-planned business park encompassing approximately 500,000 square feet of industrial and corporate office facilities. This 40-acre site includes Class A industrial buildings that can accommodate tenants from 3,000 to 70,000 square feet. Located in Torrance, one and a half miles from the 110 freeway (10 minutes from ports of Los Angeles & Long Beach, and 15 minutes from LAX) Storm Business Park is designed to meet the needs of a wide range of industries, including warehousing, manufacturing, R&D, transportation, logistics and corporate services.

 

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 49 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 annually complete more than 10,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8 billion. Contact CORFAC at (224) 257-4400 or www.Corfac.com.