THE KLABIN COMPANY FINALIZES TWO LEASE TRANSACTIONS AT WATSON INDUSTRIAL CENTER BRINGING PROJECT IN CARSON TO 100% OCCUPANCY
Two global leaders sign multi-year leases for a combined 76,919 square feet of industrial space.
(May 17, 2024 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it finalized two multi-year lease transactions in Carson, Calif. on behalf of Summa Properties/Watsoncenter LLC. Located in the Watson Industrial Center, these two lease transactions bring the 163,988-square-foot project to 100% occupancy.
In the first transaction, the tenant is Nova Container Freight Station, a leading provider of ocean and air container freight services who will expand its Los Angeles operations to the 51,288 square feet it secured at Watson Center. The Klabin Company’s David Prior, SIOR, represented Summa Properties in the 42-month lease transaction valued at more than $3.1 million. Nova was represented by Danny Williams of Newmark.
Located at 1111 Watson Center Road, Suite D/E, the building was fully refurbished and offers Nova an excellent South Bay shipping and warehouse location with access to the Los Angeles and Long Beach Ports and several interstate freeways. Set in a Heavy Weight Corridor, it features a large, concrete truck yard, 14 dock-high positions, two fork-lift ramps 8,732 square feet of office space.
In the second transaction, Prior represented Summa Properties in securing Best Services International Freight in a 61-month lease of 25,631 square feet located at 1111 Watson Center Road, Suite B and valued at $2.43 million. Best Services, a global specialist in end-to-end logistics solutions, was represented by Yasushi Shiromi and Mike Ouellette of The Klabin Company and is relocating from Torrance to 1111 Watson Center Road, Suite B. The building was delivered with substantial market-ready refurbishments and comes with a large, concrete truck yard, seven dock-high positions, a fork-lift ramp and 4,690 square feet of office space.
“It’s no secret that the highly competitive industrial market has cooled in the last year, so we are extremely pleased to execute these lease transactions in a positive manner for all involved,” said Prior. “It was also a pleasure to complete one on the transactions with my colleagues Yasushi and Mike, two talented professionals who did a fantastic job for Best Services.”
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.
Watson Industrial Center, Carson is at 100% occupancy.