INTERNATIONAL SHIPPING COMPANY SIGNS MULTI-YEAR LEASE AT INDUSTRIAL BUILDING IN LA MIRADA
The Klabin Company Represents Landmark Global, Inc. in Lease Commitment for More Than Five Years Valued at Almost $6.5 Million
(March 25, 2021 – TORRANCE, CALIF.) – Demonstrating the increasing strength of the Mid-Counties industrial submarket, The Klabin Company/CORFAC International today announced it negotiated a multi-year lease for Landmark Global, Inc. at a 125,414-square-foot building located at 14407 Alondra Blvd. in La Mirada, Calif.
The Klabin Company’s Tyler Rollema and Matt Stringfellow, SIOR, represented Landmark Global in the five-year lease transaction valued at almost $6.5 million. The Landlord, Link Logistics Real Estate, an owner of commercial real estate assets around the country, was represented by Cameron Driscoll and Luke McDaniel of JLL.
Landmark will occupy the front portion of a larger concrete tilt-up industrial building that features 19 dock-high positions, 21’ clear height, almost 11,000 square feet of office space and functional truck court.
Landmark Global is the international division of bpost, Belgium’s national postal service, which handles more than 3.9 billion items per year and delivers to more than five million addresses every day. For more than a decade, since bpost’s acquisition, Landmark Global has enabled its customers to expand globally. Its business has grown from basic international mail and parcel delivery to full-service, end-to-end solutions. This includes proprietary technology and trade consulting which provide Landmark clients the capability to sell to millions of customers worldwide.
“Due to extremely low vacancy in the South Bay, many companies are looking to the Mid-Counties submarket as a viable alternative,” said Rollema. “Compared to the South Bay, lease rates can be secured at a slight discount for what remain functional and well-located buildings. For companies that don’t necessarily need to be close to the ports, it makes complete sense to be located in a place like La Mirada, which provides quick access to several major freeways and remains central to LA’s large population base.”
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. Built on the principles of an open and enduring culture, the company has maintained its independence as a privately-owned business for decades. The Klabin Company emphasizes how the sharing of information, experiences and relationships with all of its 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.
The Klabin Company represents Lessee, Landmark Global in multi-year lease in La Mirada.