CHINO, CA-Sam Pievac Co., a global company that manufactures and distributes retail displays and fixtures, has purchased a 100,362-square-foot industrial distribution facility here for $6.5 million. Sam Pievac, which had previously been headquartered and handled logistics through an approximate 63,000-square-foot industrial building in Santa Fe Springs, will use the new Inland Empire facility as its US distribution center.
Dan Vittone, senior vice president and Alan Pekarcik, executive vice president, both in Voit Real Estate Services’ Irvine office, represented the buyer. “The Voit team assisted Sam Pievac Co. in identifying an ideal location for its distribution, exploring properties in a variety of cities from Orange County to Long Beach to the City of Industry,” says Vittone.
According to Vittone, “The Inland Empire emerged as the right fit for the company from a cost perspective, and our team negotiated a seamless acquisition of this facility.” He adds that “The company’s resulting debt service for the new building is less than the rent they were paying in Santa Fe Springs for a building approximately 60% of the size.”
The company financed its acquisition of the property with SBA debt provided by Zions Bank, according to Vittone. The property is located at 13975 Monte Vista in Chino, CA, near the 60 and 71 freeways. The seller, Bridgestone Bandag LLC, was represented by Lee and Associates.
Sam Pievac Co. also owns and operates a 500,000-square-foot manufacturing plant in Xiamen, China. The company’s global import program provides standard and custom wire, metal and plastic displays, fixtures, signage and hangar management systems at a low cost, according to the company website.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
