ROOM & BOARD MAINTAINS KEY SOUTHERN CALIFORNIA DISTRIBUTION CENTER AT STORM BUSINESS PARK IN TORRANCE WITH LEASE RENEWAL

The Klabin Company negotiates five-year transaction valued at almost $8 million for 70,223 square feet for Landlord Storm Properties, Inc. 

(October 22, 2024 – 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 Matt Stringfellow, SIOR, and Courtney Bell represented Storm Properties in the five-year lease transaction for 70,223 square feet of space valued at almost $8 million. The tenant, Room & Board, Inc., a leading designer of furniture, was represented by Cushman & Wakefield’s 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, the concrete tilt-up building features 18 dock-high positions, a spacious warehouse and 2,600 square feet of offices for the Room & Board workforce.

“This is one of the largest industrial buildings in Storm Business Park and it will continue to serve the distribution needs of Room & Board,” said Stringfellow. “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 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.

The Klabin Company represents Landlord, Storm Properties in the Lease Renewal for 1390 W. Storm Parkway, Torrance with Tenant, Room & Board.