THE MUSIC NEVER STOPS FOR ROCK-OLA MANUFACTURING CORPORATION IN TORRANCE

The Klabin Company Represents Custom-Made Jukebox Manufacturer in Five-Year Lease of 45,000 Square-Foot Industrial Building on Sepulveda Boulevard in Torrance Post Office Area. 

(April 5, 2021 – TORRANCE, CALIF.) – For Rock-Ola Manufacturing Corporation, the music will never stop in the Torrance area. After long-time owner Glenn Streeter sold the manufacturer of custom-made jukeboxes to a British firm in 2019, and then earlier this year sold the Torrance building where Rock-Ola had been headquartered for decades, the company has secured a new location in the vicinity.

The Klabin Company/CORFAC International today announced it represented the owner of Rock-Ola, Alexander Walder-Smith, in the five-year lease of an industrial building at 1445 Sepulveda Blvd. in the Torrance Post Office area. The 45,000 square-foot facility is currently undergoing refurbishment and is located on more than two acres of land and features heavy power, truck-high and ground-level loading and 86 parking spaces. The building is situated close to freeways on a major boulevard and features a distribution and lighting monument sign.

The Klabin Company’s Todd Taugner, SIOR, represented Rock-Ola in the 60-month lease transaction valued at almost $2.6 million. The Landlord is Campbell, Campbell and Campbell who was represented by Mike Hilton with Gateway Business Properties.

“Rock-Ola is known as the ‘Last All-American Jukebox,’ making its world-renowned products for almost 100 years,” said Taugner. “The company enjoyed its most successful years under its previous owner right here in Torrance, so it was important to the new ownership group to find a building close by where it could carry on the tradition. The building we secured for them is in a prime location and the owner is making a sizeable investment to renovate it in a way that will serve Rock-Ola well for the next several years.”

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. Taunger, SIOR represents Rock-Ola in a five year lease transaction valued at $2.5 million in Torrance.