Hobbytron.com Expands To Valencia
Citing underlying demand by businesses to expand and benefit from attractive lease rates despite an uncertain economy, officials of Delphi Business Properties, Inc. announce that Hobbytron.com, a leading online retailer of remote control and Airsoft toys, has leased a 93,221 square foot industrial building in Valencia, CA for a two-fold expansion of its headquarters and distribution center.
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Hobbytron.com recently occupied its new facility located at 24700 Avenue Rockefeller in the master planned Valencia Industrial Center. The company relocates from 40,000 square feet of space in San Fernando, and will employ 32 people at the new site. Peter Steigleder, vice president of Van Nuys, CA-based Delphi Business Properties, along with David Hoffberg, SIOR, and Jerry Scullin, SIOR, represented Hobbytron.com. The three-year lease is valued in excess of $1.5 million. Craig Peters and Doug Sonderegger of CB Richard Ellis represented Lincoln Industrial Center II, the landlord.
The new headquarters for Hobbytron.com is a concrete tilt-up structure featuring 23,078 square feet of office space, 24-foot minimum interior clearance, 16 loading docks, three loading doors, and on-site parking for 176 cars.
Hobbytron.com provides thousands of different products that include remote control boats, helicopters, airplanes, cars, trucks and other items. Also available are a wide selection of Airsoft guns and accessories, along with magic kits, electronic kits, science kits, and other products.
“The Hobbytron.com lease underscores that businesses are looking to take advantage of rental rates that are substantially below rates of two and a half years ago,” said Delphi’s Steigleder. Hoffberg added that “this business mindset is currently driving the market and illustrates the willingness of companies to expand despite the economic uncertainty.”