REDONDO BEACH, CA – L.A. Slot Machine Co., one of the oldest and largest gaming machine companies in the world, has leased a recently upgraded 51,340 sq. ft. industrial facility in Redondo Beach, CA for expansion and relocation of its area headquarters and distribution facilities, announces The Klabin Company.
L.A. Slot Machine scheduled a July occupancy of its new building located at 3730 Redondo Beach Ave. The property consolidates three company facilities in nearby El Segundo under one roof.
Luke Staubitz, SIOR, a partner in The Klabin Company’s Los Angeles office, and Harvey Beesen, a partner in the same office, represented LBA Realty, the landlord. Lease consideration was over $3 million; term was not disclosed. Maury Gentile of Grubb & Ellis represented L.A. Slot Machine, the tenant.
The new L.A. Slot Machine headquarters is a concrete tilt-up structure featuring dock high loading, a large private yard, 5000 sq. ft. of newly refurbished office space, and on-site parking for over 100 cars.
Established in1980, L.A. Slot Machine specializes in exporting gaming devices to casinos throughout the world. The company regularly stocks almost 7000 machines, including those manufactured by IGT, WMS Gaming, Atronic, Aristocrat, Bally, Konami, and Sigma/Sega. In addition, the company offers full casino set up and sales, including chairs, signs, tables, and progressives.
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.