Murad's new building is at 1340 W. Storm Parkway and is scheduled to be completed during the first quarter for consolidation and expansion of the El Segundo-based company's main warehouse/distribution center, according to Matt Stringfellow and Courtney Bell in the Klabin Co.’s Torrance office. Stringfellow and Bell represented represented the owner/developer of the business park, Torrance-based Storm Properties Inc. Murad, which was represented by John Schumacher of CB Richard Ellis, paid $7.2 million for the new building.

[IMGCAP(2)]The new building is one of three new facilities totaling 175,000 square feet developed by Storm Properties at the new business park. During the second half of 2009, Room & Board, a home furnishings company, leased the largest building of 70,233 square feet.

Despite the scarcity of acquisitions being completed in today’s market with conventional financing, the Murad deal closed because it involved a quality buyer and a quality building, Stringfellow says. Storm Business Park has one 48,000-square-foot building remaining available.

In the Thousand Oaks lease, Woburn, MA-based Skyworks was represented by CB Richard Ellis brokers Ken Ashen, in the brokerage’s Ventura County office, and David Connolly in Boston. Sares-Regis represented itself in the lease, terms of which were undisclosed. The 60,000-square-foot building is part of the 272,000-square-foot Arbors office park.