STUART KLABIN, FOUNDER AND NAMESAKE OF THE KLABIN COMPANY, PASSES AWAY AT AGE 90
The pioneer in L.A. industrial real estate founded the firm bearing his name in 1961 and enjoyed decades of success as a broker and developer.
(MARCH 21, 2022 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced that Stuart Klabin, its founder and namesake, has passed away at the age of 90. Klabin, who founded the firm bearing his name in 1961, was a pioneer in Los Angeles industrial real estate and enjoyed decades of success both as a broker and a developer. He was also a founder of the American Industrial Real Estate Association (AIR).
In 1961, Klabin was a young professional, just starting out in the commercial real estate business. He began his career with Jonas and Goodglick, a firm focused on the sale and leasing of industrial buildings near LAX and in the South Bay. The industrial market was relatively small at the time, but Klabin knew one thing for sure: He wanted to work on his own. Although his real estate connections were few, he rented a small office on Centinela Avenue in Inglewood and The Klabin Company was born. Today, more than 60 years later, The Klabin Company is consistently rated among the top commercial real estate companies in Los Angeles. It now serves its clients around the world from state-of-the-art offices in Torrance.
Although he was not involved with the day-to-operations of The Klabin Company for the past 20+ years, Klabin served as Chairman Emeritus until his passing, blessing everything the team was doing to stay at the forefront of the industry. He took great pride in the fact that those leading the firm have been with the company for decades. He hired David Prior, Senior Managing Principal for The Klabin Company, more than 40 years ago.
“I knew early on that David was the ideal person to run the company,” Klabin was quoted as saying in 2020. “He has fulfilled every desire I could have had and has brought on some of the brightest minds in industrial real estate to help him run the business. I’m proud they have kept the name, but more importantly that they have maintained the highest standards of excellence and integrity. The Klabin Company does the ‘best of the best’ transactions and are stars of the industry.”
Over the past several years, Klabin maintained a connection to The Klabin Company through the real estate assets he developed and owned in the greater L.A. region. Current Klabin Company brokers have served as his partners and leasing agents on many of the properties.
“I never want to lose sight of what Stuart gave me,” said Prior. “He reinforced the importance of ethical behavior, taught me about the benefits of an open culture, and how sharing information and experiences with your colleagues works to everyone’s advantage. We will continue to do good work in Stuart’s honor and the legacy he leaves. He will be missed by many in our business.”
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 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.