FlightWave Aerospace Systems Signs Five-Year Lease For 51,023 SF In Torrance At $5.4M

A mixed-use property located at 2660 Columbia Street in Torrance has been leased. The asset encompasses a total of 51,023 square feet and is situated in a key market area. The lease agreement was valued at $5.4 million for a term of five years.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5.4 million
• Lease Term: five-year
• Landlord: Peter E. Baccile - First Industrial Realty Trust
• Tenant: Shawn Webb - FlightWave Aerospace Systems - Red Cat Holdings
• Landlord's Representative: Jeff Smart & Elizabeth Capati - Colliers
• Tenant's Representative: Nick Buss & Frank Schulz - The Klabin Company

The lease was executed by FlightWave Aerospace Systems, a subsidiary of Red Cat Holdings, effectively tripling its operational footprint in Los Angeles County’s South Bay. The representation for the tenant was conducted by The Klabin Company, while Colliers represented the landlord, First Industrial Realty Trust.