CORFAC News

TORRANCE, CA – King’s Harbor Church, whose origins go back to the 1930s in the South Bay area of Los Angeles, has signed a 10-year lease extension for a 28,000 square foot portion of a larger industrial building in Torrance, CA where it has held church services for 15 years, announces The Klabin Company/CORFAC International.Todd Taugner, SIOR, a principal in the Torrance office of The Klabin Company/CORFAC, reports that King’s Harbor Church extended its lease on property located at 23915 Garnier St., Torrance. Taugner, David Prior, SIOR, and Frank Schulz, also of Klabin’s Torrance office, represented the Richard Meine Trust, the property owner.John Ayoob of CB Richard Ellis represented the tenant. Lease consideration was $2.6 million.Commenting on the transaction, Taugner, who has represented the landlord for some 15 years, said: “I approached the existing tenant on behalf of the landlord and we began the process of negotiating a lease extension.” According to its web site, King’s Harbor Church “exists to cooperatively advance the Kingdom of God in the South Bay, producing generational transformation through a sustained and passionate commitment to authentic Christianity.”  About The Klabin Company/CORFAC InternationalNow in its sixth decade, The Klabin Company/CORFAC International is ranked among the top 20 commercial real estate companies based in Los Angeles. The firm has offices in Los Angeles and Torrance, and is affiliated with CORFAC International. For more information go to www.klabin.com.CORFAC International is one of the largest commercial real estate services organizations in the world. CORFAC is comprised of privately-held entrepreneurial firms serving more than 150 markets in The Americas and internationally through its KingSturge CORFAC International alliance. Last year, CORFAC firms completed over 9000 commercial real estate transactions, encompassing more than 300 million square feet and valued in excess of $30 billion. For more information on CORFAC visit www.corfac.com.