February 4, 2020–– The Klabin Company/CORFAC International today announced it represented a long-time client in three lease transactions totaling almost 115,000 square feet of space at an industrial campus in Rancho Dominguez, Calif. The Klabin Company’s David Prior, SIOR, Frank Schulz III, SIOR and Todd Taugner, SIOR, represented the private owner of the buildings in securing the lease agreements.
The landlord is the former owner of a large industrial equipment company. After selling the business 20 years ago, the new operating entity continued to occupy the three buildings until deciding to relocate to accommodate their expansion.
Since none of the properties had ever been on the market before, The Klabin Company team provided expert guidance on assessing the buildings, surrender negotiations and tenant-specific improvements as all three buildings were leased prior to vacancy and before being placed on the market.
“We worked tirelessly to make sure our client had a complete understanding of the complex issues that needed to be addressed to ensure the buildings were appropriately marketed and leased with the most advantageous terms for the landlord,” said Prior. “This resulted in transactions that were executed expeditiously so that not one of the three facilities were vacant at any time without a lease. We’re proud of what was accomplished, and our client is pleased to have three companies that are leaders in their fields as tenants for many years ahead.”
The first lease is for an industrial building located at 18910 Wilmington Avenue. The tenant is BYD Energy, LLC, a provider of safe storage solutions for renewable energy, who secured 50,287 square feet in a transaction for 10 years valued at almost $6.5 million. BYD Energy was represented by Lary Carlton and Mike Davis of Colliers International.
In the second transaction, Total Safety U.S., Inc., a global provider of integrated industrial safety solutions, leased 25,159 square feet of space at 18821 Broadwick Street for seven years valued at more than $2 million. Total Safety U.S. was represented by Rusty Smith, SIOR, of Cushman & Wakefield.
In the final lease transaction, Schultz Industrial Services secured 39,273 square feet for seven years valued at more than $3.3 million. Schultz, who was represented by Eric Daschbach of Cushman & Wakefield, provides construction, maintenance and turnaround services to the petroleum and chemical industries on the West Coast.