(AUGUST 1, 2018 – TORRANCE, CALIF.) – The Klabin Company/CORFAC International today announced it negotiated the purchase of a 21,337-square-foot industrial building at 19675 Mariner Avenue in Torrance, Calif.
The Klabin Company’s Executive Vice President and Principal Todd N. Taugner, SIOR, worked with Takashi Sugita of Relo Redac in representing the buyer, Totai America, in the $7.6 million transaction. The property was bought from Kung Fu Dragon, LLC.
According to Taugner, Totai America will relocate its headquarters from another location in Torrance as the global leader in flexible packaging products continues to expand.
Totai America was founded in 1981 and since then has become a pioneer in full-service rotogravure printing/converting of cost-effective, high-quality, flexible packaging materials. Its packaging is showcased by products sold at Costco, Target, Trader Joe’s, Walmart, supermarket chains and specialty stores around the world.
CORFAC International is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail brokerage, tenant and landlord representation, investment sales, multifamily, self-storage, acquisitions and dispositions, property management and corporate services. Founded in 1989, CORFAC has 47 firms in the U.S., 6 in Canada and 27 in international markets, including Australia, Colombia, France, Germany, Ireland, Israel, Italy, Mexico, Romania, Russia, South Africa, South Korea, Switzerland and the United Kingdom. CORFAC offices completed more than 10,000 lease and sales transactions totaling 500 million square feet of space valued in excess of $8.0 billion in 2017. Contact CORFAC at (224) 257-4400 or www.Corfac.com.