Classic Party Rentals to move headquarters to Inglewood
Classic Party Rentals, one of country’s largest suppliers of tents, chairs and china for events, has agreed to move its headquarters and a fulfillment center to Inglewood.
The party-rental business will relocate its Culver City fulfillment center to 901 Hillcrest Blvd. in Inglewood by June, real estate brokerage the Klabin Co. said. The headquarters will be moved from West Los Angeles next year.
Terms of the 10-year lease for the 96,000-square-foot site were not disclosed, but rents for warehouses near Los Angeles International Airport average 83 cents per square foot per month, according to brokerage Cushman & Wakefield.
More than 200 people are expected to work at the new site, which includes 15,000 square feet of offices, said broker Douglas R. Marshall of the Klabin Co.
Classic Party Rentals is a regular supplier for Hollywood galas, celebrity weddings and charity events, Marshall said. The company also has a fulfillment center in El Segundo.