CORFAC News

CYPRESS, CA; June 20, 2010 – Daiwa Corporation, one of the world’s largest fishing tackle and related product companies, has leased a modern 61,433 square foot industrial building in the master planned Warland Cypress Business Park in Cypress, CA for relocation of its corporate headquarters from Cerritos, CA, announces The Klabin Company/CORFAC International.Daiwa Corporation plans an August occupancy of its new headquarters located at 11137 Warland Dr. Approximately 65 people are expected to be employed at the site.David Prior, SIOR, Murray Smith, and Todd Taugner, SIOR, in Klabin/CORFAC’s Torrance office represented Warland Drive One B, LLC, the landlord. Rick Hertel, president of Corporate Real Estate Services of Irvine, represented Daiwa. Consideration for the seven-year lease was $2.4 million.Daiwa Corporation is the U.S. distribution and customer support subsidiary of the Tokyo-based fishing tackle and sportswear maker, Daiwa Seiko. The company’s products include rods, reels, lines, and lures. Daiwa products accommodate every type of angler from freshwater, offshore, inshore, controlled depth, and surf and jetty. Daiwa also makes and sells such goods as cases, clothing, equipment racks, luggage, and other accessories.Daiwa distributes its tackles through boating and sporting goods retailers in the U.S., Canada, and Central and South America. Warland Cypress Business Center is strategically located just minutes from the San Diego (405), Garden Grove (22) and San Gabriel (605) Freeways.  Complementing the business environment is Warland Retail Plaza, offering 135,000 square feet of restaurant, merchandise and support services.About The Klabin Company/CORFAC InternationalNow in its fifth decade, The Klabin Company/CORFAC International 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. For more information go to www.klabin.com.CORFAC International is one of the largest commercial real estate services organizations in the world. CORFAC is comprised of privately-held entrepreneurial firms serving more than 150 markets in The Americas and internationally through its KingSturge CORFAC International alliance. Last year, CORFAC firms completed over 9000 commercial real estate transactions, encompassing more than 300 million square feet and valued in excess of $30 billion. For more information on CORFAC visit www.corfac.com.