$18M DEAL MOVES CALIF. CARTRIDGE FIRM

[Anonymous]

$18M Deals Move Printer Cartridge Firm
CHATSWORTH,
CA-Printing Technologies Inc., a manufacturer of laser and inkjet
printer cartridges, has sold its existing headquarters in a six-month
sale-leaseback and plans to move into a newly acquired facility next
year in two deals totaling $18.1 million. According to Scott Caswell of
Van Nuys-based Delphi Business Properties Inc., Printing Technologies
will expand into a 79,400-sf headquarters and production facility from
its existing 50,286-sf facility in anticipation of growth estimated at
50% in 2007.Caswell represented 21001 Nordhoff Partners LLC, the
Printing Technologies entity that acquired the new headquarters, in its
$11.6 million acquisition of the new facility at 21001 Nordhoff St.
Caswell and Bruce Simpson, also of Delphi, represented the sellers of
the Nordhoff Street building, the Keith and Brenda Harvie Family
Trust.Concurrently, Caswell reports that Printing Technologies sold its
former facility at 9526 DeSoto Ave. in Chatsworth to local investors.
Printing Technologies will lease back the DeSoto property for
approximately six months and plans to move into the new headquarters in
the second quarter of 2007.The new Chatsworth facility will be used
primarily to increase the company’s color laser toner and inkjet
business, according to Peter DeSalay, CEO and president of Printing
Technologies. DeSalay says that the firm has been growing at the rate
of 35% yearly and expects to grow by 50% in 2007. Printing Technologies
plans to add a new building of 38,000 sf at the 21001 Nordhoff
location, DeSalay notes.The buyer of the existing Printing Technologies
property at 9526 DeSoto Ave. was Investor 9526 MYOB, which paid $6.5
million for the facility. Caswell represented the buyer, with Caswell
and Simpson represented the Printing Technologies selling entity, 9526
DeSoto LLC.

[Author]

December 13, 2006 at 1:16 PM