CYPRESS, CA-Daiwa Corp. has leased a 61,433-square-footindustrial building at 11137 Warland Dr. in the master plannedWarland Cypress Business Park for relocation of its corporateheadquarters from Cerritos, according to brokers from the KlabinCo. who represented the building ownership. Daiwa, one of theworld’s largest fishing tackle and related product companies, plansto occupy its new headquarters in August and will employ 65 workersat the site.

The building owner, Warland Drive One B LLC, was represented inthe seven-year lease by David Prior, Murray Smith and Todd Taugnerof the Torrance office of Klabin/CORFAC. Daiwa was represented byRick Hertel, president of Corporate Real Estate Services of Irvine,in the $2.4 million lease.

Daiwa Corp. is the US distribution and customer supportsubsidiary of the Tokyo-based fishing tackle and sportswear maker,Daiwa Seiko. The company’s products include rods, reels, lines, andlures. The company also makes and sells such goods as cases,clothing, equipment racks, luggage, and other accessories. Itdistributes its tackle through boating and sporting goods retailersin the US, Canada, and Central and South America.