CRANE WORLDWIDE LOGISTICS EXPANDS LOS ANGELES OPERATIONS WITH LEASE OF SPACIOUS INDUSTRIAL FACILITY IN CITY OF COMMERCE

The Klabin Company represents the tenant in three-year lease transaction for almost 124,980 square feet.  

(April 20, 2022 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it finalized a multi-year lease at 2650 Commerce Way in the City of Commerce, Calif., on behalf of Crane Worldwide Logistics, the new tenant of the spacious industrial facility. Crane Worldwide Logistics is a leader in supply chain solutions with more than 120 locations across 30 countries providing individual services to address the logistics needs of its clients. The company will expand its Los Angeles operations to the 124,980-square-foot property.

The Klabin Company’s Nick Buss and Frank Schulz, SIOR, represented Crane Worldwide Logistics in the three-year lease transaction. The Landlord, G3 Realty Two, LLC, was represented by Jeff Stephens of CBRE.

The facility at 2650 Commerce Way offers an excellent distribution location in the heart of Commerce with a large, fenced yard, excess parking and 46 dock-high positions.

“Vacancy rates for industrial space in the L.A. region remain at historic lows,” said Buss. “While buildings of this size are hard to come by, we were able to execute a lease agreement benefiting both the owner and Crane Worldwide Logistics which was looking to expand its operations without compromising service to its global customers.”

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.

Nick Buss & Frank Schulz, SIOR represent Crane Worldwide Logistics in a three year lease for a 124,980 square foot property in Commerce, Ca.