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November 29, 2023
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A.M. Castle & Co Inks $46 Mil Lease for 282k sf Facility in Paramount


A.M. Castle & Co agreed to an 84-month renewal/expansion lease for a 282k sf facility in the city of Paramount, in a transaction worth $46 mil. The company, a provider of metals, services and supply chain solutions, will expand its operations from a portion of the building to the entire property, located at 14001-14003 Orange Ave.

The expansive, concrete tilt-up building includes 40.5k sf of office space, a portion of which will be fully refurbished for A.M. Castle. The property offers an excellent distribution location with immediate access to the 710, 105 and 91 freeways. It features 270 parking spaces, 20 dock-high loading positions, seven ground-level doors and 39’ minimum ceiling height.

A Klabin Company’s Team—comprised of Warren, Kimberly and Travis Noack, Frank Schulz and Tyler Rollema—represented the landlord, Ed Drees (Drees 14003 Orange LLC) in the deal. Team Noack’s relationship with Mr. Drees dates back over 35 years and included the transaction in 2008 when it represented him in the acquisition of the subject property. A.M Castle & Co. was repped by Fisher and Co. Real Estate Services.

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