SUPERIOR COMMUNICATIONS, INC. RENEWS 225,000-SQUARE-FOOT, CORPORATE HQ LEASE IN IRWINDALE, CALIF.
Irwindale, CA (September 19, 2011)
Superior Communications, Inc. renewed its lease for 225,030 square feet at 5027 Irwindale Avenue in Irwindale, Calif. The property houses the company’s corporate headquarters and distribution facility.
Superior Communications was represented in the long-term transaction by Joshua Gorin, Senior Managing Director, and Marcus Arredondo, Assistant Director, with global tenant advisory firm Studley. The lease is valued at approximately $14 million.
This was an opportunity for Superior Communications to take advantage of the down market and reduce stay-in-place expenses while providing for the company’s long-term business strategy,” said Gorin. The transaction also includes significant flexibility and concessions to fund facility improvements, internally and externally.
The industrial business center is a multi-building complex totaling 1.78 million square feet and includes a mix of single-story industrial and office buildings built between 2001 and 2003.
The building is owned by Clarion Partners, who was represented in the transaction by Phil Lombardo of Cushman & Wakefield.
Irwindale is located in the heart of the San Gabriel Valley, 20 miles east of Downtown Los Angeles.
About Superior Communications, Inc.
Superior aims to be the distribution powerhouse of the wireless industry in the United States, providing a complete wireless product and service portfolio to major carriers, OEMs and retailers through all channels of distribution.
Established in 1991 as the sales and logistics arm of an Asian-based manufacturing partner, Superior Communications has grown from a regional distributor of its own aftermarket line of accessories to a leading distributor of both OEM and aftermarket accessories in the United States.
Specializing in accessory manufacturing, packaging, logistics and marketing, we develop and manage comprehensive, custom accessory programs for our clients. Our emergence as a leader in this industry can be attributed to our unwavering commitment to quality, our readiness to adapt to client needs, and our ongoing policy of continuous improvement.
Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, with 19 offices nationwide and an international presence through its London office and AOS Studley, a partnership with Paris-based AOS, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. Information about Studley is available at www.studley.com.