XCHANGE LOGISTICS CORPORATION EXPANDS LOS ANGELES OPERATIONS WITH MULTI-YEAR LEASE OF PREMIER LAST-MILE WAREHOUSE DISTRIBUTION FACILITY IN UNINCORPORATED L.A. COUNTY/GARDENA P.O.
The Klabin Company, Matt Stringfellow, SIOR, Tyler Rollema and Courtney Bell represent Lessor, Rexford Industrial in the lease transaction with Xchange Logistics valued at more than $15.4 million.
The Klabin Company represents building owner, Rexford Industrial Realty, Inc., in 61-month lease transaction valued at more than $15.4 million.
(March 9, 2022 – TORRANCE, CALIF.) – The Klabin Company today announced it finalized a long-term lease at 15650 Avalon Blvd. in Compton, Calif., on behalf of Rexford Industrial Realty, Inc., owner of the premier last-mile warehouse distribution facility. The tenant is Xchange Logistics Corporation, a global freight forwarding company who will expand its Los Angeles operations to the 98,259-square-foot property.
The Klabin Company’s Matt Stringfellow, SIOR, Tyler Rollema and Courtney Bell, in partnership with Mike Meraz of Magnum Properties, represented Rexford Industrial in the 61-month lease transaction valued at more than $15.4 million. Xchange Logistics was represented by Andrew Lara of Daum Commercial.
The building at 15650 Avalon Blvd. will be fully refurbished and offers an excellent South Bay distribution location with immediate access to the 110, 405, 105 and 91 freeways. It features a large, fenced yard with 247’ loading distance; excess trailer/container parking; 21 dock-high and four ground-level doors; 6,950 square feet of office space; and 27’ minimum ceiling height.
“This project is nearing completion and amounts to a complete repositioning of a heavy manufacturing building into a Class A, low coverage warehouse distribution facility which perfectly meets what the market desires today,” said Stringfellow. “Not surprisingly, there was tons of interest and activity, and Xchange aggressively pursued the site and preleased it months before completion.”
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.