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California  + Los Angeles  + Office  | 

Torrance’s The Knox Trades for $22M

Wilshire Capital Investments acquired The Knox, a two-building, 108,368-square-foot office park in Torrance, CA, from Ruth Group for $21.6 million.

Located at 680 and 690 Knox St., The Knox is situated on 4.9 acres and is 98% occupied by Midmark, City of Los Angeles, CH Robinson and Allied Digital. The 1984-era asset underwent a major renovation to transform into creative office space in 2016.

NFK’s Kevin Shannon, Ken White and Michael Moore represented the seller. The buyer was self-represented.

Shannon says, “The Knox is a stabilized asset that is attractive to capital with its recent creative reposition. Creative office rents in this market are about 20% higher than traditional office space, and the Torrance submarket is significantly more economical than other nearby locations such as El Segundo. The per square foot difference between the El Segundo and Torrance submarkets has never been greater, and capital is recognizing that.”

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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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