Klabin Co. Brokers $123M Sale of Torrance Industrial Asset [Los Angeles Times (CA)]
KLABIN SA S/ADR (KLBAY)
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Source: Los Angeles Times
The building was acquired from Link Logistics , an operator of last-mile industrial real estate and warehouse properties. The buyer was represented by Tyler Rollema and was looking for a Class A building in Torrance that was larger than 250,000 square feet, a specification considered scarce in the South Bay industrial market. The investor had wanted an asset that would support job growth and benefits in the local community. “This sale is a meaningful benchmark for the Los Angeles industrial market and a strong signal of a continued attraction to Torrance,” said Rollema in a statement. “They're thrilled to acquire a modern building in a city where tenants have proven to pay premium rents and actively want to be part of what Torrance has to offer with first-rate amenities, a deep skilled labor pool, a business and employee-friendly environment and proximity to housing, shops and restaurants.” The concrete tilt-up building sits on 12.5 acres and is currently leased and occupied by
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