MITCO GLOBAL SECURES LEASE AT UPGRADED INDUSTRIAL BUILDING IN DOWNEY AS OPERATIONS IN LOS ANGELES MARKET CONTINUE TO GROW


January 28th, 2020

After two-year search for the ideal new location, The Klabin Company represents international logistics provider in 63-month lease for 122,500 square feet valued at more than $7.2 million.

 

(January 28, 2020 – TORRANCE, CALIF.)The Klabin Company/CORFAC International today announced it negotiated a lease on behalf of Mitco Global at a refurbished industrial building in the Rancho Business Center at 7300 Flores Street in Downey, Calif.

The Klabin Company’s Zach Middleton and Max Farkas represented Mitco Global in the 63-month lease transaction for 122,500 square feet of space valued at more than $7.2 million. The Landlord, Fremont Associates, was represented by Eric Knirk.

Mitco Global will use the industrial facility to expand its operations in the Los Angeles market and is moving from its previous location in La Mirada where it currently occupies 60,000 square feet. Middleton and Farkas began working with the team at Mitco more than two years ago to find the right property to accommodate the global logistics provider’s growth.

“We spent the better part of the last two years searching and touring countless numbers of potential properties,” said Middleton. “We were actually far down the line on securing another building near their current facility when we decided to tour 7300 Flores Street. The building’s physical characteristics, image and location, combined with an engaging Landlord who committed to provide substantial upgrades to the building, made this building a perfect fit for Mitco Group as they continue to grow in Los Angeles and beyond.”

Mitco Global is a leading third-party logistics provider which primarily operates in port-adjacent markets. As a full-service provider, it can accommodate a wide range of needs for its clients including transportation, drayage, transloading, distribution and e-commerce solutions.

 

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.