THE KLABIN COMPANY BROKERS SALE OF INDUSTRIAL INVESTMENT PROPERTY IN TORRANCE, CALIFORNIA

(February 11, 2020 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it negotiated the $21.5 million sale of a 108,186-square-foot industrial investment property at 19145 Gramercy Place in Torrance, California. The concrete tilt-up building is located on more than 5.5 acres of land in a prime South Bay industrial market.

The Klabin Company’s Todd Taugner, SIOR, Frank Schulz III, SIOR, and David Prior, SIOR, represented both the seller, Alpine Electronics of America, Inc., and the buyer, IDI Logistics, in the transaction. IDI Logistics is a leading investor and developer of logistics real estate with a 30-year track record of delivering more than 200 million square feet of innovative warehousing, distribution and manufacturing facilities. The company plans a major refurbishment of 19145 Gramercy Place before placing the property on the market for lease.

Alpine Electronics is an automotive electronics manufacturer that provides consumers and leading automakers with audio, video, navigation and driver assistance products. The company specializes in system integration solutions with innovative vehicle entertainment and information technologies. The building at 19145 Gramercy Place had served as its American headquarters before relocating to Auburn Hills, Michigan.

“This building is situated in an area full of global leaders in a number of industries with immediate access to the 405 and 110 freeways,” said Taugner. “As an experienced real estate firm with decades of success in commercial real estate, IDI Logistics is the ideal buyer for this property and has plans to completely reposition and refurbish the building for a future tenant, which we look forward to helping them secure.”

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. With clients around the world, The Klabin Company specializes in industrial, office, investment and development services. It combines cutting-edge research and analysis with years of experience to keep abreast of ever-changing market dynamics to ensure the best possible value for its clients in every facet of its business. The firm is affiliated with CORFAC International. For more information go to www.Klabin.com.

About CORFAC International

CORFAC International is comprised of privately held entrepreneurial 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 49 firms in the U.S., 6 in Canada and 27 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom. CORFAC offices annually complete more than 10,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8 billion. Contact CORFAC at (224) 257-4400 or www.Corfac.com.

Todd Taugner, SIOR, Frank Schulz, SIOR, and David Prior, SIOR, Represent Both Sides in $21.5 Million Transaction for 108,186 Square-Foot Concrete Tilt-Up Building Located in Prime South Bay Industrial Market