21
Apr2014
Shimadzu Precision Instruments Acquires 3.7 Acres In Long Beach For U.S. Headquarters, Klabin Co./CORFAC Reports
CONTACT:
Art Ansoorian (805) 653-1648
LONG BEACH, CA (April 21, 2014) – Shimadzu Precision Instruments, Inc. has acquired 3.7 acres of land at the premier corner of the Pacific Pointe business park in Long Beach, CA with plans to build its U.S. corporate headquarters and manufacturing facility, announces The Klabin Company/CORFAC International.
Todd Taugner, SIOR, a partner of The Klabin Company, reports that Shimadzu Precision Instruments purchased property located at the southwest corner of Lakewood Blvd. and Conant St. at the former Boeing property adjacent to Long Beach Airport.
Taugner, Frank Schulz, SIOR, and David Prior, SIOR, also with the Klabin firm, represented Shimadzu Precision Instruments in the transaction. Brian DeRevere of CBRE represented Sares-Regis, the seller. Consideration for the acquisition was $3.8 million.
Taugner said Shimadzu plans to build a 53,000 square foot headquarters and manufacturing facility in Long Beach, with an expected occupancy the first half of 2015. The company is currently located on Lomita Blvd. in Torrance.
Shimadzu Precision Instruments, Inc., a wholly-owned subsidiary corporation of Shimadzu Corporation of Japan, provides sales and service in the U.S. directly representing Shimadzu’s aircraft equipment, medical equipment and industrial equipment business units; Semiconductor Division, Fluidics Department, and Device Department.
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.
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