SOURCE: Storm Properties, Inc.

Storm Properties, Inc.

August 19, 2015 14:56 ET

Storm Properties Inc. Begins Work on Prime Gardena Industrial Site

CBRE to Handle Leasing of Only Comparable New Industrial Building in the Area

GARDENA, CA--(Marketwired - Aug 19, 2015) - Storm Properties Inc., a leading developer, owner, and manager of industrial and commercial properties, announced today the hiring of CBRE to handle leasing of Storm Fujimoto Industrial Center, a state-of-the-art, 114,061 square-foot, Class-A industrial building in Gardena. Construction is underway and Storm anticipates a completion date in the first quarter of 2016.

The building will feature dual office pods totaling approximately 8,000 square feet to accommodate single or dual tenants. Other prominent features include an ESFR sprinkler system, 32-feet clear height, 21 dock-high positions, two grade-level doors, and a 135-foot truck court. The site spans an entire city block, offering dual access to both Broadway and Main Streets, and is located approximately one-half mile from the I-110 freeway and less than one mile from the SR-91 freeway.

The CBRE marketing team is led by John Schumacher, Brian Held, Robert Flores, and Bret Quinland of the South Bay area office.

"We have a long-standing relationship with CBRE and they have always performed for us," said Jay Ahluwalia, president of Storm Properties. "We expect they will find just the right tenants for this rare new project." 

Storm Properties currently operates a diverse portfolio of industrial and retail properties, and is targeting significant growth through further acquisitions. Its efforts are focused on core-plus to value-add retail and industrial properties in the $5-million to $30-million range in major Western metro markets. Additionally, Storm has a current development pipeline of more than $100 million, and is seeking additional land opportunities for residential entitlement and commercial/industrial development.

Storm Properties is a subsidiary of Torrance-based Storm Industries, Inc., an innovative and entrepreneurial organization with a growing family of companies. Over its 83-year history, Storm has evolved from a single brass foundry in Los Angeles to a highly diversified group of businesses operating across the globe.

For more information, contact Alan Kwan, director of acquisitions, at (310) 986-2432, or via email at AKwan@storm-properties.com. Also, visit their new website at www.storm-properties.com.

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