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.
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
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.