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Platform Ventures, PMRG Sell Torrance L3 Tech Campus for $124M
NKF Capital Markets completed the $124 million sale of L3 Technologies Torrance Tech Campus, a five-building, 574,010-square office/R&D campus in Torrance, CA. The campus is 91% occupied by L3 Technologies and Torrance Memorial Medical Center.
NK’s Kevin Shannon, Ken White, Scott Schumacher, Eric Lastition and Geoff Ludwig represented the seller, a partnership of Platform Ventures and PMRG. The buyer, FRM Associates, was self-represented. NKF’s Brett Green arranged financing on behalf of the buyer.
Shannon says, “With the recent execution of L3’s long-term NNN lease, this campus provides the buyer a secure credit income stream and opportunity to create more value through lease-up of the project’s vacant space.”
Located at 3100 Lomita Blvd. on 26.7 acres of land, the property is directly adjacent to Torrance Memorial Medical Center and the Torrance Municipal Airport, and includes both low-rise office and R&D buildings.
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition


