First Industrial then demolished 150,000 sf of the existingbuilding and created a 213,544-sf facility that features 55dock-high loading positions, 20-foot minimum interior clearance and5.7 acres of additional land for container storage, plus two UnionPacific rail spurs. Immediately after the building was converted,DHL/Exel signed a five-year lease for the entire building. BothFirst Industrial and DHL/Exel were represented by David Bales,Frank Schulz and Todd Taugner of the Klabin firm.

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DHL/Exel designs and implements innovative contract logisticssolutions for companies in a wide range of industries, according toits web site. The new First Industrial tenant will employapproximately 100 workers at the site.

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Taugner points out that the Klabin Co. sold the building toFirst Industrial a year ago and suggested a redevelopment of theproperty focusing on a port-related logistics center "with atremendous amount of dock high loading, and a yard to store andstage trailers for transloading." The conversion was based on "themounting need for logistics facilities in the South Bay," Taugnersays.

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