EL SEGUNDO, CA – A highly improved 46,000 square foot office/research and development building in the established Utah business tract in El Segundo, CA has been sold for $8.6 million by Karguval Properties, Ltd. to COM DEV International Ltd., a leading space hardware subsystems manufacturer, announces The Klabin Company.
Luke Staubitz, SIOR, a partner in the Los Angeles office of The Klabin Company, reports that COM DEV plans an immediate occupancy of its new Los Angeles area office located on over two acres of land at 2333 Utah Ave., El Segundo.
The facility will serve as the home of the engineering and production operations of COM DEV USA and is strategically located in close proximity to some of the world’s leading space companies including Boeing, Lockheed Martin, Northrop Grumman, Raytheon, and NASA’s Jet Propulsion Laboratory.
Staubitz and Harvey Beesen, also in Klabin’s Los Angeles office, represented the sellers. Brent Ball of CBI Commercial Brokers Intl. represented the buyers.
COM DEV International Ltd. (TSX: CDV) is a leading global designer and manufacturer of space hardware subsystems. With facilities in Canada, the United Kingdom and the United States, the company produces advanced products and subsystems that are sold to major satellite prime contractors for use in communications, space science, remote sensing and military satellites.
COM DEV’s new El Segundo facility is a concrete tilt-up structure featuring 33,000 square feet of corporate offices, 13,000 sq. ft. of air conditioned warehouse area, and over 100-car on-site parking. The building was most recently occupied by Honeywell.
About The Klabin Company
Now in its sixth decade, The Klabin Company is ranked among the top 20 commercial real estate companies based in Los Angeles. The firm has offices in Los Angeles and Torrance, and is affiliated with CORFAC International.
CORFAC International is one of the largest commercial real estate services organizations in the world. CORFAC is comprised of privately-held entrepreneurial firms serving 150 markets in The Americas and internationally through its KingSturge CORFAC International alliance. Last year, CORFAC partner firms completed more than 11,500 commercial real estate transactions worldwide, encompassing over 788 million square feet and valued at $23.4 billion.