Tuesday, September 14, 2010

South Bay Migration? Are Companies Leaving LA County?

I provide location advice to owners and occupants of industrial buildings in Southern California. I posted an article from the Orange County Business Journal yesterday about a wind turbine company relocating to Huntington Beach from Long Beach.I have recently been on the directing end of two real estate moves (LA County to Orange County) and on the receiving end of one relocation...providing location advice to two occupants and one owner. The occupants, Western Air Limbach, a division of Limbach Faciltiy Services, and Drake Controls. The owners, Hager Pacific Properties in their lease to California Gasket and Rubber . All three of these transactions were manufacturing companies moving from Los Angeles County to Orange County. Is this a trend?
Western Air Limbach: Limbach Company, a mechanical engineering company with offices in the east, Midwest and southeastern United States acquired Western Air (creating Western Air Limbach) in 1974 and occupied a building on South Avalon Boulevard in Compton, California for 36 years. Western Air owned the real estate in Compton until 2005. In 2005, Western Air made the decision to sell the building and structure a five year lease back of the facility. Western Air's timing was impeccable as real estate values peaked during the leaseback and the lease expired during a significant down trough in the leasing market in Southern California. Western Air, through our help, was able to relocate to Garden Grove into a much newer, more modern, and functionally more suitable location for their operation.

Drake Controls: Drake Controls, LLC is a dynamic technical sales and service company headquartered in Houston, Texas serving the Texas, Oklahoma, Kansas and New Mexico marketplace supplying technical products and solution expertise to the OEM and Industrial Process markets. Drake Controls was founded on the operating philosophy of maintaining a technically qualified staff knowledgeable in their products and their applications, along with superior customer service. In addition to other products and services, Drake Controls, LLC is the exclusive authorized sales and service representative for Woodward Industrial Controls . Woodward is one of the world’s largest manufacturers of control equipment for power generation equipment, fuel systems and controls for gas and diesel engines, and controls and components for gas and steam turbines. Drake, through its acquisition of a competitor in San Dimas and Wilmington, California, now has a west coast presence. Drake, with our help, will soon relocate to a location in Buena Park, California.

California Gasket and Rubber: California Gasket and Rubber had occupied the same location for 65 years. The current market conditions persuaded California Gasket and Rubber to move to a better, more functional location in Orange, California. California Gasket and Rubber Corporation's mission is to provide the United States Government and a wide variety of private industries with the highest possible quality custom sealing devices. We manufacture gaskets, washers, shims, custom O-rings, and precision molded rubber products - on time, at a competitive price, with superior quality.

Trend or exception? I will let you decide!

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