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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.

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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 integrated marketing communications roles. He is responsible for Connect’s client content operations and public relations strategy. He is involved in a range of initiatives ranging from content strategy, message development, copywriting, Social Media and content marketing services. Dennis’s communications background in the real estate industry includes working with many of the top real estate firms – from brokerage companies, developers, homebuilders, investors, owners, lawyers, asset advisors, lenders, architects and property management firms. • Marketed more than 1 Billion Square Feet of Office Space • 70,000 Multifamily/Condo Units • 15,000 Single Family Homes • 30 Million Square Feet of Retail Space • Representing Roughly $100 Billion in Investment 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. Dennis’s agency background on integrated communications teams at many reputable agencies and has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. He formerly was President of the Public Relations Society of America’s Los Angeles of public relations professional, and served on the Board of Directors. He also taught a public relations extension course at Loyola Marymount University. Dennis’s 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.

  • ◦Sale/Acquisition
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