THE KLABIN COMPANY AND DAVCO REALTY COLLABORATE ON LEASE TRANSACTION AT WATSON INDUSTRIAL CENTER IN CARSON
In highly competitive, multi-offer market, The Klabin Company represents building owner, Summa Properties LLC, in 61-month lease transaction valued at almost $7 million.
(April 18, 2022 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it finalized a long-term lease within the Watson Industrial Center on behalf of Summa Properties LLC, owner of the state-of-the-art campus set on 350 acres in Carson, Calif. The tenant is Pegasus Shipping, Inc., an international freight forwarding and logistics services company who will expand its Los Angeles operations to the 61,462-square-foot facility.
The Klabin Company’s David Prior, SIOR, represented Summa Properties in the 61-month lease transaction valued at almost $7 million. Pegasus Shipping was represented by Dave Coe of Davco Realty Advisors.
The building at 1111 Watson Center Road, Suite A, will be fully refurbished and offers an excellent South Bay shipping and warehouse location with access to the Los Angeles and Long Beach Ports and several interstate freeways. It features a large, concrete yard; 17 dock-high loading positions; 8,028 square feet of front-unit office space and 25’6 minimum ceiling height.
“In a world of multiple offers driven by the highly competitive industrial market, we were able to collaborate with Dave Coe in a really positive manner to finalize this transaction,” said Prior. “The way that Dave advocated for his client made a huge difference in us selecting Pegasus Shipping for this highly sought-after property.”
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 in the almost $7 million lease transaction to Pegasus Shipping, represented by Davco Realty Advisors.