November 13, 2019— The Klabin Company/CORFAC International today announced it negotiated a lease renewal on behalf of Storm Properties, Inc. at the Storm Business Park, located at 1390 W. Storm Parkway in Torrance, Calif.
The Klabin Company’s Matthew Stringfellow, SIOR, and Courtney Bell represented Storm Properties in the five-year lease transaction for 70,223 square feet of space valued at more than $4.6 million. The tenant, Room & Board, Inc., a leading designer of furniture, was represented by Cushman & Wakefield’s Rooney Daschbach and Rusty Smith.
Room & Board is a privately held, national retailer of modern home furnishings based in Minneapolis, Minnesota with locations across the country. Since 1980, it’s been providing extraordinary experiences for its customers in helping them create homes that reflect their lifestyles. The company creates exclusive contemporary furniture designs, expertly crafted in America to offer the best value in terms of quality, design longevity and environmental sustainability. Room & Board will continue to utilize 1390 W. Storm Parkway as a key distribution center for its customers in Southern California.
“Built in 2009, this concrete tilt-up building features 18 dock-high positions, a spacious warehouse and 2,600 square feet of offices for the Room & Board workforce,” said Stringfellow. “This is one of the largest industrial buildings in Storm Business Park and it will continue to serve the distribution needs of Room & Board. Storm Properties is thrilled to have them as a tenant for several more years.”
Storm Business Park is a premier, master-planned business park encompassing approximately 500,000 square feet of industrial and corporate office facilities. This 40-acre site includes Class A industrial buildings that can accommodate tenants from 3,000 to 70,000 square feet. Located in Torrance, one and a half miles from the 110 freeway (10 minutes from ports of Los Angeles & Long Beach, and 15 minutes from LAX) Storm Business Park is designed to meet the needs of a wide range of industries, including warehousing, manufacturing, R&D, transportation, logistics and corporate services.