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California  + Los Angeles  + Office  | 

Optimus Snags 60K-SF Building in Torrance

Connect Los Angeles is planned March 21st at the Hotel Indigo Downtown Los Angeles. You can get more information and register on this link.

Los Angeles-based Optimus Properties, LLC acquired a 60,804-square-foot office building in Torrance, CA from an affiliate of Transpacific Development Company. The $15.75-million deal was part of a 1031 exchange.

The property at 2325 Crenshaw Blvd. is fully occupied by a single tenant, Los Angeles County Department of Children and Family Services (DCFS). It has served as a key DCFS regional office since 1999, and services 27 different South Bay zip codes.

DCFS renewed its lease at the property for the second time in June 2017. Built in 1989 and situated on 5.5 acres, the single-story asset is at the intersection of Crenshaw and Sepulveda boulevards.

NKF’s Sean Fulp, Ken White, Ryan Plummer and Mark Schuessler represented the seller. The buyer was self-represented.

Plummer says, “This well-located, single-tenant South Bay asset received strong, nationwide interest from exchange buyers and investors alike. Out of the 12 offers received, Optimus was awarded the deal because they were able to move quickly, going non-contingent on day one.”

For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., 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, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Sale/Acquisition
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