THE KLABIN COMPANY FINALIZES SUBLEASE FOR HHM INTERNATIONAL AT TRANSPORTATION YARD IN GARDENA
The leading asset-based logistics firm signs use and occupy lease commitment for 47 months valued at $4 million.
(October 3, 2023 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it negotiated a multi-year sublease for HHM International, Inc. at a transportation yard located at 14521 Avalon Blvd. in Gardena, Calif.
The Klabin Company’s Tyler Rollema, SIOR, and Matt Stringfellow, SIOR, represented HHM International in the 47-month transaction for the 82,195 square-foot parcel valued at $4 million. HHM, a leading asset-based logistics firm offering transportation, logistics, and specialty services throughout the nation, is subleasing the land from Corridor Recycling Inc., one of the largest independently owned brokers, processors, packers, and exporters of recovered materials in the Western United States. Corridor, which maintains its main location in Long Beach, was represented by Guy LaFerrara at Lee & Associates’ Irvine office.
With its move to 14521 Avalon Blvd., HHM is expanding and consolidating its operations from other locations it has in the region. The company offers a full array of port services by providing its dedicated network of trucks, drivers, and optimal locations to customers nationwide.
The leased property at 14521 Avalon Blvd. has convenient access to the 110 and 405 freeways and is approximately 15 miles from the Port of Los Angeles.
“As its business continues on an upward trajectory, HHM was in the market for a new yard for its growing fleet of trucks and need for additional space,” said Rollema. “Due to its location, functionality and pricing, the yard on Avalon Boulevard was the right fit. The Sublessor was attracted to our client’s regional presence and the terms and use for the property were ideal, allowing us to finalize the transaction with a favorable outcome for both parties.”
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.
Tyler Rollema, SIOR and Matt Stringfellow, SIOR represent the Sublessee in the 47-month Sublease of an 82,195 square foot land parcel in Gardena.