THE KLABIN COMPANY SECURES GLOBAL LEADER IN 3PL SECTOR AS NEW TENANT FOR IDI LOGISTICS-OWNED INDUSTRIAL FACILITY IN COMPTON

(December 1, 2022 – TORRANCE, CALIF.) – As demand continues to grow for well-located warehouse space in the competitive 3PL sector, The Klabin Company/CORFAC International today announced it finalized a long-term lease at 1700 Walnut Parkway in Compton, Calif., on behalf of IDI Logistics, owner of the industrial facility. The tenant is Pilot Air Freight, LLC—A Maersk Company—the full-service global transportation and logistics provider with operations around the world.

The Klabin Company’s Frank J.H. Schulz III, SIOR, Nick Buss and Todd N. Taugner, SIOR, represented IDI Logistics in the 62.5-month lease transaction valued at almost $7 million. Pilot was represented by John Gorczyca of JLL.

The concrete tilt-up building at 1700 Walnut Parkway is conveniently located close to major airports, the Ports of Los Angeles and rail service. The industrial facility features 14 dock-high positions, one ground-level door, 23’ warehouse clearance and almost 5,000 square feet of offices.

“This lease transaction reflects the continued growth of the 3PL sector,” said Schulz. “As more companies look to outsource its distribution due to a variety of economic factors, best-in-class industrial owners such as IDI Logistics are well positioned to take advantage of rent growth while attracting top 3PL providers.”

IDI Logistics is a leading investor and developer of logistics real estate with a 33-year track record of delivering more than 200 million square feet of innovative warehousing, distribution and manufacturing facilities.

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.

Frank Schulz, SIOR, Nick Buss and Todd Taugner, SIOR represent IDI Logistics in the long-term lease at 1700 Walnut Parkway, valued at almost $7 million.