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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.”

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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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