THE KLABIN COMPANY BROKERS SALE OF TORRANCE TECHNOLOGY CENTER IN PRIME SOUTH BAY LOCATION

Klabin Team Represents Building Owner in $10.65 Million Transaction for High-Image Building 

(March 3, 2021 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International announced it negotiated the sale of the Torrance Technology Center at 2335 W. 208th Street in Torrance, Calif. The 38,160 square-foot, high-image corner industrial building is located on more than one- and one-half acres of land and features heavy power, dock-high loading, 87 parking spaces and an 8,000 square-foot bonus storage mezzanine.

The Klabin Company team of Todd Taugner, SIOR, Frank Schulz III, SIOR, Mike Ouellette and Nick Buss represented the seller, Glenn Streeter, in the $10.65 million transaction. The property was sold to Frontline Holdings, LLC, a vertically integrated real estate operating company that provides investment, property and construction management services. Frontline was represented by Bart Pucci of Savills in its purchase.

“Opportunities to buy industrial buildings in the South Bay are limited, and Torrance is one of the most prized locations,” said Taugner. “The seller enjoyed decades of success in the building. His company designed and manufactured custom-made jukeboxes under the name of Rock-Ola Manufacturing Co. He sold the business in 2019 to a British firm which continues to sell the musical products.”

According to Taugner, Frontline Holdings has already secured a new tenant for the building, a beautiful concrete structure built in 1989.

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.

Todd N. Taugner, SIOR, Frank J.H. Schulz, SIOR, Mike Ouellette and Nick Buss represent the Seller in the sale of Torrance Technology Center in the South Bay.