X
Upcoming Stories
California CRE News In Your Inbox .

California   /   May 28, 2020

Dennis Kaiser
By: Dennis Kaiser

Omninet Capital Claims Torrance, Commerce Office Complexes for $80M

NKF completed a pair of office deals in SoCal totaling nearly $80 million. One transaction was in Torrance, the other in Commerce (pictured).

The Torrance deal involved the $39-million off-market sale of Park Del Amo, a three-building, 204,468-square-foot office campus located at 2355 and 2377 Crenshaw Blvd. NKF’s Kevin Shannon, Ken White, and Michael Moore represented the seller, TA Associates. The buyer, Omninet, a Beverly Hills-based VC firm, was self-represented.

Built in 1985, the property is situated on 12.78 acres and is 92% occupied by multiple tenants including Keenan & Associates, which occupies 43% of the property and recently signed a five-year lease extension.

The Commerce transaction involved the $39-million sale of Commerce Plaza, a two-building, 194,908-square-foot office complex, at 5601 E. Slauson Ave. and 5701 S. Eastern Ave, in Central Los Angeles.

The self-represented buyer, Omninet Capital, also owns Commerce Office Park located directly across the street. NKF’s Shannon, White and Scott Schumacher represented the seller, Colony Capital.

Connect
Inside The Story
About the Author

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience.
Email the Author

New call-to-action
LeeAssociates-09-cube
New call-to-action
New call-to-action
© ConnectCRE 2021 / 3900 San Fernando Road, Suite 1007, Glendale, CA 91204
Contact Us / Policies, Privacy & DisclosuresSubmit Press Release / 
magnifiermenu