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EL SEGUNDO, CA-Com Dev, a Canadian-based manufacturer of hardware used in satellites and other space technology, has acquired a 46,000-sf office/R&D building to establish a presence in the US in order to pursue the US market for its products. According to broker Luke Staubitz, a partner in the Los Angeles office of the Klabin Co., the new Com Dev facility is a highly improved building in the Utah business tract in El Segundo.

Com Dev, which is based in Ontario, Canada, says that the $8.6-million facility at 2333 Utah Ave. will serve as the home of the company’s US engineering and production operations. It chose the site in part for its location near some of the world’s leading space companies, including Boeing, Lockheed Martin, Northrop Grumman, Raytheon and NASA’s Jet Propulsion Laboratory.

Com Dev bought the building from Karguval Properties Ltd. in a transaction that was brokered by Staubitz and Harvey Beesen, also in Klabin’s Los Angeles office, who represented the sellers. Com Dev was represented by Brent Ball of CBI Commercial Brokers International.

Staubitz says that the Canadian firm plans an immediate occupancy of its new Los Angeles area office, which is a concrete tilt-up building located on a parcel of more than two acres, with parking for more than 100 vehicles. The building, which features 33,000 sf of corporate offices and 13,000 sf of air-conditioned warehouse area, was most recently occupied by Honeywell.

Com Dev, which maintains facilities in the UK in addition to operations in its home base of Canada, manufactures technology that is sold to major satellite prime contractors for use in communications, space science, remote sensing and military satellites. The company says that its purpose in establishing a US manufacturing capability is “to gain access to the US government space market, which is larger than the rest of the world’s government and commercial space spending combined.”

Com Dev estimates that approximately 98% of US government space spending remains within the country. As a foreign-based supplier, the Canadian company says, it has landed some business with the US military but its opportunities have been limited by geography.

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