CORFAC News

CONTACT: 
Art Ansoorian
(805) 653-1648

Torrance, CA (May 21, 2013) – MK Diamond Products, Inc., a worldwide leader in the manufacturing of precision diamond blades, has signed an 82-month lease extension for a 51,286 square foot  two-building industrial complex in Torrance, CA’s Storm Business Park, announces The Klabin Company/CORFAC International.

Courtney Bell and Matt Stringfellow, vice presidents in Klabin/CORFAC’s Torrance office, report that MK Diamond renewed a lease for property located at 1315 Storm Parkway and 22815 Frampton Ave.  Bell and Stringfellow represented L&B Realty Advisors, LLP, the property owner.  Janine Padia of JP Realty Services, Inc. and Kyle Olson of Segovia Partners represented the tenant.  Lease consideration was $2.8 million.

A family-owned business established in 1868, MK Diamond also produces equipment for cutting, coring and polishing of all types of masonry, concrete, tile and stone products.  The company has occupied Storm Business Park since the project’s inception.

Bell and Stringfellow, who exclusively represent L&B Realty Advisors, LLP to market the property, report that Storm Business Park comprises 318,262 square feet of space that was recently acquired by L&B.  The project is 98 per cent occupied.  Other leading tenants include All Access Staging, the Los Angeles Times, Jacobson Global Logistics and Hirsch Pipe and Supply.

About The Klabin Company/CORFAC International
Now 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.

About CORFAC International
CORFAC 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.