X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SIMI VALLEY, CA-Runway Properties, a distributor of hair care and cosmetic products, will relocate its headquarters to Ventura County from Los Angeles County following its acquisition of a 13,164-sf industrial facility in the city for nearly $1.5 million, according to Daum Commercial Real Estate Services.

Kevin Tamura of Daum’s San Fernando Valley office represented Runway Properties, with Stuart Scott of Daum’s Ventura County office representing the seller, Flanders Family Trust. Runway Properties, previously based in the San Fernando Valley, will relocate to its new headquarters on approximately two-thirds of an acre of land at 4485 Runway St. Some 25 workers are expected to be employed at the site, which replaces the company’s former headquarters in Chatsworth.

The new headquarters for Runway Properties is a concrete tilt-up structure with 2,500 sf of office space and on-site parking for approximately 30 cars, according to Scott. He notes that the sales price, at more than $111 per sf, is one of the highest per sf paid for a property of this type in the valley.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.