CRE ROUNDUP

Klabin Co. Brokers $123-Million Sale of Torrance Industrial Asset The Klabin Co. represented a local private investor in the $123-million acquisition of a 265,418-square-foot Class A industrial building in Torrance.

- -David Nusbaum, Paul Williams

The building was acquired from Link Logistics, an operator of last-mile industrial real estate and warehouse properties.

The buyer, represented by Tyler Rollema, sought 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. The concrete tilt-up building sits on 12.5 acres and is currently leased and occupied by a leading apparel distributor. The property includes 15,000 square feet of office space, a 185-foot truck court, 40 dock-high positions and 42-foot clear height.

Jason Moyal and Zach Novatt of Max Benjamin Partners served as loan brokers on the transaction, while Madison Realty Capital was the lender.

Source: Klabin