CORFAC News

THE KLABIN CO./CORFAC INTERNATIONAL CLOSES LION’S SHARE OF 1^st QUARTER CARSON/COMPTON/DOMINGUEZ DEALS  TORRANCE, CA – The Klabin Company/CORFAC International’s Torrance office announces that during the first quarter of 2010 nearly 380,000 square feet of industrial space was either leased or sold in the Carson/Compton/Dominguez submarket (excluding Watson Industrial Center). Of that The Klabin Company/CORFAC International was involved in some 70 percent of the absorbed space.  David Grote, a partner in The Klabin Company/CORFAC International who focuses on that submarket, also reported that vacancy now stands at 9.7 percent in the area, up from 7.7 percent at year-end. Additionally, the total percentage of space currently on the market stands at 14.6 percent, up from 13.5 percent, Grote said.  Grote noted that of the total square feet of space marketed in Carson/Compton/Dominguez during the first quarter, The Klabin Company/CORFAC International handled three transactions representing the bulk of that space. They included:  · David Prior, SIOR, Todd Taugner, SIOR, and Frank Schulz, SIOR of The Klabin Company/CORFAC International represented AMB Property Corporation in the lease of 120,000 sq. ft. at 801 W. Artesia to UDT Distribution. James Min of Colliers International represented the tenant.  · Grote and Prior represented Karp Del Amo, LP in its lease of 76,960 sq. ft. at 2640 E. Del Amo, Carson, to Used Gym Equipment.  Dan Weil of Weil Commercial represented the tenant.  · Grote represented MSF Estrella Property Co. in its lease of 28,725 sq. ft. at 300 W. Carob, Compton, to Hero International Warehouse. Ed Whittemore of LAREM represented the tenant.About The Klabin Company/CORFAC International  Now in its fifth 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.