CORFAC News

CONTACT:  Art Ansoorian (805) 653-1648

MORENO VALLEY, CA (April 3, 2014) – The Klabin Company/CORFAC International announces that ALDI, the nation’s low-price grocery leader, has acquired a 55-acre site in Moreno Valley, CA, with plans to build an 850,000 square foot Southern California regional headquarters.Batavia, IL-based ALDI, which recently announced plans to open 650 new stores nationwide over the next five years, plans to build its regional headquarters on a high visibility 60 Freeway property located east of the 215 Freeway at Redlands Blvd., reports David Prior, SIOR, president of Torrance, CA-based The Klabin Company.Prior, along with his Klabin colleagues Todd Taugner, SIOR, and Frank Schulz, SIOR, represented ALDI, in concert with Raymond Walker, SIOR, of Atlanta, GA, who provided consulting services for ALDI.  Henry Steipel of Costa Mesa, CA-based Garrett, DeFrenza & Steipel, LLP provided legal services on real estate matters to ALDI.  Jeff Ruscigno of Lee & Associates represented Ridge Property Trust, the seller.  “The long relationship we’ve enjoyed with our SIOR colleague, Raymond Walker, allowed us to form a strong team to represent ALDI and was crucial to uncovering this strategic property, with the proper entitlements, to enable the project to move forward in a timely manner,” Prior said.The new distribution center can service approximately 200 stores in the Southern California area.  Currently, ALDI operates nearly 1300 stores in 32 states, primarily from Kansas to the East Coast.About The Klabin Company/CORFAC InternationalNow in its sixth decade, The Klabin Company/CORFAC International is ranked among the top 25 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.About CORFAC InternationalCORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services.  In association with FIABCI (the International Real Estate Federation) and global affiliates, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide.  In recent years, CORFAC firms have averaged over 8500 completed transactions annually totaling more than 600 million square feet worth in excess of $52 billion for their customers.  For more information on the CORFAC  network, contact (703) 532-6160 or visit www.corfac.com.