Overton Moore Properties has leased a nearly 54,000 square-foot industrial building in Carson to Action Gypsum Supply West in a deal worth $5 million.
The Gardena-based real estate firm signed an eight-year lease with the Houston-based Action Gypsum Supply for its industrial building at 1225 E. Artesia Blvd., according to a Nov. 12 announcement.
The 99-month lease was negotiated by the Klabin Co., a 61-year-old global commercial real estate brokerage company based in Torrance that specializes in industrial, office, investment and development services.
“Overton Moore’s commitment to providing a fully maintained and refurbished building was key to the success of this transaction,” said David Prior, a senior managing principal at Klabin, in a statement. “This is a win-win for both parties.”
Action Gypsum, expanding operations from its former location in Long Beach, will employ the Carson facility as a sales hub for wholesale drywall and construction supplies, and a distribution warehouse for the western U.S.
Klabin Co. ranked No. 29 in a 2018 Business Journal list last September of the top commercial real estate brokers in Los Angeles County, based on $303 million in total deals last year.
Health business reporter Dana Bartholomew can be reached at email@example.com. Follow him on Twitter @_DanaBart.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- SOUTH BAY/MID-CITIES: Traffic at Port Buoys Brokers’ Optimism
- Real Estate Column
- Real Estate Column---Speculative Projects Flood El Segundo Office Market
- Real Estate Column---Casden Ready to Buy Forum If Sale to Church Collapses
- Real Estate Column---Playa Vista Stuck in Limbo With Reviews Dragging On