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California  + Office  | 

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

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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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