American Warehouse Equipment Inc. has purchased a Simi Valley industrial property for about $2 million and will leave its long-time home in Northridge, brokers said.
The supplier of warehousing equipment recently purchased a nearly 10,000-square-foot warehouse located on 2.8 acres at 1371 Kuehner Drive., Colliers International said.
American Warehouse “needed a small building with a very large yard for storage of its products,” Senior Associate Jeff Abraham of Colliers International said in a statement.
Abraham said American Warehouse had “leased the same facility in Northridge for over 20 years” and will complete the move to Simi Valley within two months.
Abraham and his partners, Senior Executive Vice President John DeGrinis and Associate Vice President Patrick DuRoss, represented American Warehouse. They also represented the seller, The O’Loughlin Family Trust.