VAN NUYS, CA -- In the latest example of
moderately-sized companies in the San Fernando Valley growing within the area's eastern
region in the face of a tight market, Westcord Commercial Real Estate Services of Van
Nuys, CA announces that Strictly Wholesale, Superior Moldings, and National Hardwood
Floors have expanded into facilities in Van Nuys.
David Cristofar of Westcord
reports that a 5000 sq. ft. building at 14732 Calvert St. has been acquired by
locally-based K&G Holdings LLC and was recently occupied by Strictly Wholesale.
Strictly Wholesale, a manufacturer of electric signs for commercial applications, will use
the building as an expansion to existing facilities next door. Cristofar represented
both K&G and Thomas Family Trust, the seller.
Cristofar also reports that
Superior Moldings, a retailer of wood moldings, has leased a 10,000 sq. ft. building at
14358 Calvert St. for warehouse expansion. Cristofar represented Superior Moldings
and Silverton Trust, the property owner.
In a third
transaction, Cristofar announced that National Hardwood Floors, also headquartered in Van
Nuys, has leased 10,000 sq. ft. of space at 15330 Oxnard St. for additional warehouse
space. Cristofar represented National Hardwood Floors; GRQ Realty represented Public
Storage, the landlord. Terms were not disclosed for the transactions. "There is a
large pool of modestly-sized but growing companies based in the San Fernando Valley that
would like to expand within their local area for, among other reasons, to retain their
employee base. While there is little available space to accommodate them, the East
Valley continues to reveal pockets of opportunity," Cristofar said.
Westcord is one of the Los Angeles area's
top 25 commercial real estate companies with offices in Westlake Village, CA, and Van
Nuys, CA.
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