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Torrance deal.


The cachet cachet /ca·chet/ (ka-sha´) a disk-shaped wafer or capsule enclosing a dose of medicine.

ca·chet
n.
An edible wafer capsule used for enclosing an unpleasant-tasting drug.
 of the Torrance industrial market has lured Housewares International Housewares International Ltd is an Australian company which sells electrical consumer products and home goods. It is based in Sydney.

The company owns several brands, including Breville (for some countries), Goldair, Kambrook and Ronson.
 Inc. away from Rancho Dominguez and Carson.

The company, which is an importer and marketer of houseware products, has signed a 10-year lease at a 259,327-square-foot industrial building in Torrance, adjacent to Toyota Motor Co.'s national headquarters.

The market-rate deal for the building at 19400 S. Western Ave. is valued at $20.5 million. The building is owned by Sunshine Associates LLP LLP - Lower Layer Protocol .

"It's a better address and a newer building," said Don Smith, principal at Lee & Associates Commercial Real Estate Services' South Bay office, who represented Housewares International. "It's got curb appeal."

Beng Liu, chief executive of the U.S. arm of the Australia-based company, said that by consolidating efforts at one building, the company will be able to manage its expansion more efficiently. "The new building is larger so it can accommodate our double digit Noun 1. double digit - a two-digit integer; from 10 to 99
integer, whole number - any of the natural numbers (positive or negative) or zero; "an integer is a number that is not a fraction"
 growth in sales," Liu said.

The landlord was represented by Eric Knirk of Fremont Associates.

Staff reporter Daniel Miller People called Daniel Miller include:
  • Daniel Miller (footballer) footballer for London Stonewall Lions
  • Daniel Miller (anthropologist) (born 1954), anthropologist at University College London
 can be reached at (323)549-5225, ext. 263, or dmiller@labusinessjournal.com.
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Article Details
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Title Annotation:REAL ESTATE
Author:Miller, Daniel
Publication:Los Angeles Business Journal
Date:Nov 20, 2006
Words:180
Previous Article:Barker buys.(REAL ESTATE)
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