X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

(To read more on the industrial market, click here.)

PANORAMA CITY, CA-Zodax, a marketer of candles and other home decorative accessories, has acquired a 200,000-sf build-to-suit industrial facility here and plans to occupy half of the new building at 14200 Arminta St. The company plans to lease out the remaining half of the space, according to David Hoffberg, SVP with Van Nuys-based Delphi Business Properties, who was part of a team representing the Zodax entity that bought the building.

The new Zodax facility occupies an 8.5-acre site at the mixed-use Plant development, where Zodax already occupies a 100,00-sf building. Hoffberg and Jerry Scullin, COO of Delphi, represented Powell Plaza Associates and Apex Equity Properties LLC, the buyers of the new building, and have also been named to lease the balance of the building.

Philip Cohanim, president of Zodax, says that the new facility enables the company to both expand and transfer manufacturing activities to a single campus from other San Fernando facilities. The new building, where Zodax will employ approximately 100 workers, will improve efficiencies by housing manufacturing, design, importing and distribution at a single location,” Cohanim says.

Founded in 1990, privately held Zodax has expanded into one of the largest sources of decorative and fragranced candles. In 2004 the company built a fully automated candle production facility, furnishing products to a network of independent sales representatives throughout the U.S. and on display in permanent showrooms in major markets.

Zodax’s new facility is a concrete tilt-up structure featuring 28-foot minimum clearance, 14 dock-high loading doors and on-site parking for 400 cars. The developers and sellers of the new Zodax building, S&V Van Nuys-C&D LLC, represented themselves.

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
Live Chat

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