STALEY POINT CAPITAL AND BAIN CAPITAL REAL ESTATE ACQUIRE INDUSTRIAL FACILITY IN SANTA FE SPRINGS
The Klabin Company represents the parties in $14.3 million off-market sale.
(April 30, 2021 – TORRANCE, CALIF.) – Signifying the continued strength of the industrial market in the greater Los Angeles region, The Klabin Company/CORFAC International today announced it represented Staley Point Capital and Bain Capital Real Estate in the $14.3 million acquisition of a 57,906-square-foot industrial facility at 10907-10915 Painter Avenue in Santa Fe Springs.
The fully leased four-unit, multi-tenant complex is located in the red-hot Mid Counties submarket and features 8,671 square feet of office, eight dock-high positions, seven ground-level doors and 22’ minimum clear height.
Staley Point Capital and Bain Capital Real Estate purchased the property from the Luciano Family Trust. The Klabin Company’s Max Farkas and Zach Middleton represented the parties in the transaction.
Staley Point Capital is a Los Angeles-based real estate investment firm. The firm was founded in 2019 by Kevin Staley and focuses on the acquisition of value-add and opportunistic real estate investments primarily in the industrial sector. Staley Point Capital and Bain Capital Real Estate have a joint venture that is undertaking development and redevelopment projects and acquiring existing infill industrial properties near dense population centers, primarily in Southern California.
“This is the second acquisition in Santa Fe Springs in the last six months for the joint venture, which highlights their commitment to this submarket,” said Farkas. “The building has significant upside when the existing under-market leases roll.”
About The Klabin Company/CORFAC International
Celebrating its 60th Anniversary in 2021, 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.
The Klabin Company’s, Max Farkas and Zach Middleton represent both parties in a $14.3 million off-market sales transaction in Santa Fe Springs, California.