THE KLABIN COMPANY COMPLETES SALE OF SINGLE-TENANT NET LEASED INVESTMENT PROPERTY IN TORRANCE
CenterPoint Properties acquires industrial building in the heart of the South Bay market.
(October 11, 2021 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it negotiated the sale of a 52,334-square-foot single-tenant net leased investment building at 2835 Columbia Street in Torrance, the heart of the South Bay industrial market. The firm represented both parties in the transaction.
The Klabin Company’s Todd Taugner, SIOR, represented the seller, 2835 Columbia, LLC. The buyer was CenterPoint Properties Trust, a market leading industrial real estate company that acquires and manages a portfolio of properties around the country. CenterPoint was represented by Todd Taugner, Frank Schulz, SIOR, Mike Ouellette and Nick Buss in its purchase of the property.
The building at 2835 Columbia Street sits on two acres of land and is fully leased to Celestron, one of the world’s leading manufactures of telescopes, for the next five-plus years.
“This off-market transaction is a reflection of the strength of the industrial market in the region,” said Taugner. “CenterPoint Properties is a premier industrial real estate investor that has demonstrated a commitment to the South Bay with several acquisitions in the past year. With 2835 Columbia Street, it secures a high-image building with a stable tenant that is close to major transportation centers in a prime industrial location. It’s a terrific asset.”
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 represents both parties in the sale of a 52,334 square foot leased investment building in the heart of the South Bay industrial market.