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April 30, 2002

 

                                                                                                                        For More Information:

Donna Hahn

Hahn Communications

(949) 458-3983

hahnmarketing@mailatlanta.net

 

 

 

WESTERN STATES TECHNOLOGIES INC. SUPPLIES KELLY PAPER CO.

WITH NEW DOWNTOWN LOS ANGELES LOCATION

 

 

 

            LOS ANGELES – Western States Technologies Inc., a Los Angeles-based real estate investment firm, has announced that Kelly Paper Co. Inc. has signed a $3 million, 10-year lease to control 100 percent of the building at 1609 E. 15th St., a 41,328-square-foot office and warehouse property in downtown Los Angeles.  Kelly Paper is a leading supplier of printing products for the wholesale printing industry as well as the general public.

            According to Scott Venturelli, president of Western States Technologies, the property is located adjacent to the 10 Freeway and Long Beach Boulevard.  The one-story property provides easy access to the public, ideal for Kelly Paper’s cash and carry business.  Prior to relocating to the 15th Street location, Kelly Paper’s downtown store was at 16th Street.

            “The new site is ideally suited for Kelly Paper because it provides the company with immediate access to its core Los Angeles client base, as well as a spacious facility that can be expanded to accommodate growth over time,” Venturelli said.

            Jeff Thompson of Colliers Seeley’s Commerce, Calif., office represented Western States Technologies.  The tenant was represented by Peter B. Poulson of the Glendale, Calif., office of CB Richard Ellis. 

Western States Technologies was established in 1985 in Los Angeles.  The company concentrates on the successful development, acquisition and rehabilitation of industrial and office properties. Currently, Western States Technologies owns and manages a mixed-use portfolio totaling more than one million square feet in Los Angeles, Orange, Riverside and San Bernardino counties.

The company's tenants include such global business leaders as Baxter Pharmaceutical, Dow Chemical, Gerber Technologies, International Paper, Jacuzzi, Kaiser Aerospace, MCI WorldCom, Mikasa, Oakley, R.C. Cola, Rockwell International and Union Carbide, among others.  By incorporating its strong, hands-on asset management approach, the company has averaged occupancy rates of more than 97 percent portfolio-wide over the past five years.

 

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