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Nome Ventures Lands Pacific Gateway for Nearly $56M

Silicon Valley-based Nome Ventures acquired Pacific Gateway, a recently renovated, 10-story office tower in Los Angeles for $55.5 million, reportedly from Blackstone. Located at 1919 S. Vermont Ave., the 237,145-square-foot tower was built in 1981 and completely renovated in 2019.

The property sits within the South Bay’s 190th Street office submarket and is 84% leased to such tenants as Optum Care (formerly DaVita Medical Group), Kumon, Farmers Insurance Federal Credit and Ogletree Deakins.

NKF’s Kevin Shannon, Bill Bloodgood, Ken White, Scott Schumacher and Aly Chelf represented the seller. The buyer was self-represented.

Shannon says, “The 190th Street Market has experienced tremendous leasing momentum and rental growth and has seen significant redevelopment of several prominent assets including the adjacent approximate 20,000-square-foot retail center, The Enclave, currently under construction by The Ruth Group.”

CBRE’s Greg Grant arranged $39.3 million in acquisition financing, with support from CBRE’s Mike Longo, Todd Tydlaska and Sean Sullivan.

Grant says, “Nome Venture’s acquisition of Pacific Gateway signalizes their confidence in strategically located, Class A product in fundamentally sound markets.”


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About Dennis Kaiser

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 including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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