A.M. Castle & Co. Renews And Expands Lease For Entire 282,000-Square-Foot Property In Paramount | 14001 Orange Avenue | Tyler Rollema, Frank Schulz, Travis Noack, Warren Noack, Kimberly Noack | Industrial | Lease

Summary

Lease

CALIFORNIA

Industrial

282,000 sqft

The property at 14001-14003 Orange Ave in Paramount has been leased to A.M. Castle & Co. in an 84-month deal. The property, which spans 282,000 square feet, will be occupied entirely by A.M. Castle & Co. The lease agreement is valued at $46 million.

Summary of transaction details

Property Type: Industrial
Transaction Amount: $46 million
Square Footage: 282,000
Address: 14001-14003 Orange Avenue, Paramount
Market: Paramount

The landlord for this lease is Ed Drees, while the tenant, A.M. Castle & Co., is represented by Fisher and Co. Real Estate Services. The Klabin Company /CORFAC International acts as the landlord's representative in this deal.

This lease renewal and expansion allows A.M. Castle & Co. to fulfill their immediate space requirements and strengthens their longstanding relationship with the landlord. The Klabin Company's representation ensures a smooth transaction for the landlord, while Fisher and Co. Real Estate Services effectively negotiates on behalf of A.M. Castle & Co.

Players

All
7

Agents
5
Agencies
2

$50.8M Sold

$39.6M Sold

Senior Vice President

Kimberly Noack

Senior Vice President

CORFAC International

The Klabin Company

Details

Deal Summary

LEASED

IMAGE: Frank Schulz, Warren Noack, Tyler Rollema, Travis Noack & Kimberly Noack DATE: 09/22/2023 ADDRESS: 14001-14003 Orange Avenue MARKET: Paramount ASSET TYPE: Industrial ~ SF: 282,000 LANDLORD: Ed Drees TENANT: A.M. Castle & Co. LANDLORD'S REP: Warren Noack, Kimberly Noack, Travis Noack, Frank Schulz & Tyler Rollema - The Klabin Company (@theklabincompany)/CORFAC International (@corfac) TENANT'S REP: Fisher and Co. Real Estate Services LEASE TERMS: 84-month NOTE: A.M. Castle & Co. has renewed and expanded its lease at 14001-14003 Orange Ave in Paramount to occupy the entire 282,000-square-foot property in an $46 million, 84-month deal, with The Klabin Company representing the landlord and Fisher and Co. Real Estate Services representing A.M. Castle & Co. This expansion meets A.M. Castle's immediate space requirements and solidifies their long-standing relationship with the landlord.

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Address14001 Orange Avenue

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