THE KLABIN COMPANY PROVIDES EXPERT GUIDANCE TO LONG-TIME CLIENT IN LEASING OF THREE BUILDINGS IN RANCHO DOMINGUEZ INDUSTRIAL CAMPUS


February 4th, 2020

Led by Senior Managing Principal David Prior, Klabin Team Assesses Properties, Advises on Surrender Negotiations and Market-Ready Improvements to Buildings Never Before on the Market

(February 4, 2020 – TORRANCE, CALIF.)The Klabin Company/CORFAC International today announced it represented a long-time client in three lease transactions totaling almost 115,000 square feet of space at an industrial campus in Rancho Dominguez, Calif. The Klabin Company’s David Prior, SIOR, Frank Schulz III, SIOR and Todd Taugner, SIOR, represented the private owner of the buildings in securing the lease agreements.

The landlord is the former owner of a large industrial equipment company. After selling the business 20 years ago, the new operating entity continued to occupy the three buildings until deciding to relocate to accommodate their expansion.

Since none of the properties had ever been on the market before, The Klabin Company team provided expert guidance on assessing the buildings, surrender negotiations and tenant-specific improvements as all three buildings were leased prior to vacancy and before being placed on the market.

“We worked tirelessly to make sure our client had a complete understanding of the complex issues that needed to be addressed to ensure the buildings were appropriately marketed and leased with the most advantageous terms for the landlord,” said Prior. “This resulted in transactions that were executed expeditiously so that not one of the three facilities were vacant at any time without a lease. We’re proud of what was accomplished, and our client is pleased to have three companies that are leaders in their fields as tenants for many years ahead.”

The first lease is for an industrial building located at 18910 Wilmington Avenue. The tenant is BYD Energy, LLC, a provider of safe storage solutions for renewable energy, who secured 50,287 square feet in a transaction for 10 years valued at almost $6.5 million. BYD Energy was represented by Lary Carlton and Mike Davis of Colliers International.

In the second transaction, Total Safety U.S., Inc., a global provider of integrated industrial safety solutions, leased 25,159 square feet of space at 18821 Broadwick Street for seven years valued at more than $2 million. Total Safety U.S. was represented by Rusty Smith, SIOR, of Cushman & Wakefield.

In the final lease transaction, Schultz Industrial Services secured 39,273 square feet for seven years valued at more than $3.3 million. Schultz, who was represented by Eric Daschbach of Cushman & Wakefield, provides construction, maintenance and turnaround services to the petroleum and chemical industries on the West Coast.

 

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.