S. Torrance Atrium Business Center Changes Hands for $21M

Colliers has brokered the sale of Atrium Business Center, a 114,000-square-foot office/industrial project in South Torrance, CA. LCG Atrium, LLC purchased the complex from Kay Properties for $21 million in an off-market transaction.

Initially built in 1973 as an industrial park, the five-building project has gradually transformed into affordable office space for the Beach Cities communities. According to Colliers’ Thacher Goodwin, who represented the seller along with Kyle Degener and Carter Rudnick, the new ownership is repositioning the complex allowing for a mixed-use small flex warehouse, production and tech spaces, coupled with a unique creative office twist.

Renovation plans include allowance for ground-level roll-up access for warehouse units, an open mezzanine concept for the office space and open-air second story atriums allowing tenants to use outdoor patio amenities, which has become an increasingly common request in the post-Covid world.