Press Release brought to you by Lee & Associates
TFC MANUFACTURING PURCHASES LAKEWOOD INDUSTRIAL FACILITY
TFC Manufacturing Purchases Lakewood Industrial Facility
The move will provide TFC expansion of its manufacturing capabilities
LAKEWOOD, Calif.—November 3, 2014—TFC Manufacturing, Inc., a diversified fabrication facility that services military, aerospace and commercial markets, has purchased a 57,000-square-foot industrial building for $7.6 million. Located at 4001 Watson Plaza Drive in Lakewood, Calif., the building will expand on its current operations, which is located on Bixby Road in Lakewood.
Brandon Carrillo, Principal, of Lee & Associates Los Angeles/Long Beach, represented TFC in the negotiations.
“This facility was a good match for TFC in that it was strategically located near its current operations and they were able to take advantage of favorable SBA loan terms. With all the stories of how manufacturing is leaving California. This transaction was a positive story of where a manufacturing company wanted to stay in California despite its challenging business climate; and take advantage of the workforce, amenities and lifestyle that California offers,” said Brandon Carrillo, a principal who works out of Lee & Associates’ Long Beach office.
TFC Manufacturing, which employs more than 130 people, plans to expand its operations and add new jobs.
Josh Bonwell and Rich McGeagh of CB Richard Ellis represented the seller, Rena Biotechnology LLC.
About Lee & Associates
Celebrating more than 35 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the country with 51 locations across the nation including California, Colorado, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Maryland, Michigan, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina, Texas, and Wisconsin. With almost 800 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional and national level. Additional information can be found at http://www.lee-associates.com. You can also follow us on Facebook, LinkedIn and Twitter.
11/03/2014 - 10:00