Habitat For Humanity Leases Torrance Industrial Facility For Non-Profit ReStore, Klabin Co./CORFAC Announces
Torrance, CA (September 11, 2014) – Habitat for Humanity, the non-profit ecumenical Christian ministry that builds homes for people in need, has signed a long-term lease for 29,978 square feet of space in a Torrance, CA industrial building for a Habitat for Humanity ReStore, announces The Klabin Company/CORFAC International.
Habitat for Humanity ReStores are non-profit home improvement stores and donation centers that sell new and gently used furniture, home accessories, building materials, and appliances to the public at “a fraction of the retail price.” The stores are owned and operated by local Habitat for Humanity affiliates.
The Habitat for Humanity ReStore schedules an immediate occupancy of its Torrance store, which is part of a 75,643 square foot building located at 18600 Crenshaw Blvd.
Todd Taugner, SIOR, David Prior, SIOR, and Frank Schulz, SIOR, in the Torrance office of The Klabin Co. represented Karney Management Company, the landlord, in the 10-year lease valued at $2.7 million. Arnold Ng of Apex Commercial represented the tenant.
The new for Habitat for Humanity ReStore will occupy a modern concrete tilt-up building featuring 2,400 square feet of office space, three dock high loading doors and 24-feet clear height warehouse space.
About The Klabin Company/CORFAC International
Now 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 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. Founded in 1989, CORFAC International is celebrating its 25th anniversary in 2014. In association with FIABCI (the International Real Estate Federation) and global affiliates, CORFAC International offers commercial real estate services with market reach in 60 countries worldwide. Last year CORFAC firms completed more than 10,000 lease and sales transactions totaling approximately 368 million square feet of space valued in excess of $7.4 billion. For more information on the CORFAC network, contact (703) 532-6160 or visit www.corfac.com.