INDUSTRIAL PARTS DEPOT, LLC EXPANDS AND RELOCATES WITH LEASE OR LARGE INDUSTRIAL FACILITY IN CARSON
The Klabin Company represents one of the largest global heavy-duty engine parts manufacturers and distributors in a 61-month lease transaction for more than 83,000 square feet.
(JUNE 12, 2023 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International has finalized a 61-month lease at 1550 Charles Willard Street in Carson, Calif., on behalf of Industrial Parts Depot, LLC (IPD), the new tenant of the 83,388-square-foot industrial facility. IPD is one of the largest heavy-duty engine parts global manufacturers and distributors and is part of the Storm Industries, Inc. family of successful businesses.
For IPD, the lease of 1550 Charles Willard Street, valued at $12.5 million, represents a major expansion and relocation. It is moving from a 42,000 square-foot distribution center in Torrance, a property owned by Storm Industries.
The Klabin Company’s Matt Stringfellow, SIOR, and Courtney Bell represented IPD in the transaction. The Landlord, Carson Companies, was represented by John Schumacher and Bret Quinlan of CBRE.
The warehouse and distribution industrial building at 1550 Charles Willard Street is within the Dominguez Technology Center. It offers an excellent South Bay industrial location close to major freeways and thoroughfares. It features 19 dock-high doors, one ground-level door, 7,400 square feet of office space, minimum 30’ clear height and 160’ fenced concrete truck yard.
Since 1955, IPD has expanded across the globe to offer components for heavy-duty equipment servicing diverse commercial and industrial companies. IPD provides rebuilders with a full range of quality engine line products that range from steel pistons to overhaul kits for diesel and spark-ignited engines.
"We are proud to embark on this exciting chapter in IPD's history," said Michael Badar, President of IPD. "Relocating our headquarters to a larger and more advanced facility demonstrates our dedication to continuous growth and innovation. With the expanded warehouse space, we can optimize our inventory management, streamline order fulfillment, and ensure faster delivery of high-quality industrial parts to our valued customers."
“It’s been a privilege to work with the IPD team on its real estate needs as it continues its strategic expansion in the Southland,” said Stringfellow. “As it continues its rise as the global leader in the after-market engine parts sector, we were pleased to secure this spacious building for our client in such a key industrial market. The facility at 1550 Charles Willard will greatly benefit IPD as it continues to develop and distribute innovative products for its customers around the world.”
About The Klabin Company/CORFAC International
Now in its seventh decade of operation, The Klabin Company/CORFAC International is ranked among the top commercial real estate companies based in Los Angeles. Built on the principles of an open and enduring culture, the company has maintained its independence as a privately-owned business since 1961. The Klabin Company emphasizes how the sharing of information, experience and relationships among all colleagues works to everyone’s advantage. The firm is dedicated to the needs of its clients, and through this commitment, it has remained successful for years. The Klabin Company is affiliated with CORFAC International. For more information go to www.Klabin.com.
About CORFAC International
CORFAC International is a global network comprising private held entrepreneurial commercial real estate 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 75 offices in the U.S., Canada and international markets, including Australia, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, Netherlands, Romania, Russia, Singapore, South Korea, Switzerland, Thailand and United Kingdom. CORFAC offices close an average of 10,000 lease and sales transactions valued in excess of $9.0 billion annually, totaling 500 million square feet closed and 65 million square feet managed worldwide. Contact Jonathan Salk, CORFAC Executive Director, at (224) 257-4400 or jonathan@corfac.com or visit www.corfac.com.
About IPD
Established in 1955, IPD (Industrial Parts Depot, LLC) is a trusted manufacturer of industrial parts and serves a diverse range of industries including on-highway, construction, oil and gas, power generation, marine and more. IPD provides the heavy-duty engine market with quality and innovative parts to extend the equipment’s life and performance, while providing value and improving the bottom line. IPD customers can rely on exceptional customer service, superior support anywhere in the world. IPD’s product line includes diesel and natural gas replacement engine parts for Caterpillar®, Cummins®, Detroit Diesel® and Waukesha® engine applications. For more information go to www.ipdparts.com
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Matt Stringfellow, SIOR and Courtney Bell represent Industrial Parts Depot, LLC (IPD) in the leasing of an 83,388 square foot industrial building in Carson.