Service Centers
SteelCo USA Expands on the West Coast
Written by Tim Triplett
June 12, 2019
West Coast Steel & Processing U.S.A. has acquired a 68,175-square-foot manufacturing facility in Chino, Calif., for $10.7 million. West Coast Steel divisions include SteelCo USA, Great Pacific Elbow, Mission Metals and Deluxe Building Products. Located at 13900 Sycamore Way, the property will serve as SteelCo USA’s sixth facility in the Inland Empire.
Built in 1986, the facility features 10,116 square feet of office space, 26-foot minimum clear height and eight ground-level drive-in doors with 1.83 acres of excess land. Its prominent location between Freeways 60, 71 and 83 provides excellent access to transportation routes serving Southern California.
Cushman & Wakefield’s Tim Pimentel, Chuck Belden and Kyle Kehner represented SteelCo USA in the transaction. “SteelCo purchased the property to support their expansion and it will be used to process and distribute product from one of their three divisions,” said Pimentel. “In their newly purchased facility, they will be better able to service their customers’ needs with added square footage.”
Prior to this acquisition, SteelCo USA most recently leased a 47,308-square-foot facility at 1350 Lexington Ave. in Pomona, Calif., in a deal also brokered by real estate services firm Cushman & Wakefield. Combined with the newly acquired Sycamore Way, West Coast Steel & Processing and its divisions control approximately 300,000 square feet of manufacturing and warehouse space in the Inland Empire West.
Tim Triplett
Read more from Tim TriplettLatest in Service Centers
Triple-S closes on American Stainless Tubing buy
Triple-S Steel Holdings has closed on its previously announced acquisition of American Stainless Tubing.
Worthington Steel fiscal Q4 profit rises despite sales drop
Worthington Steel earnings rose while sales fell in its fiscal fourth quarter.
Friedman’s profits tick higher on record quarterly sales volumes
Friedman Industries' earnings increased in its fiscal fourth quarter ended March 31.
Worthington expands European presence with closing of Sitem deal
The Ohio-based steel processor is now the majority owner of Italy's Sitem Group, which has six manufacturing sites across Italy, Switzerland, Slovakia, and France.
Klöckner narrows Q1 loss, targets growth in North America and Europe
Germany’s Klöckner & Co. reported a narrower loss in the first quarter as the company targets becoming the “leading” service center and metal processing firm in North America and Europe by 2030.