May 28, 2020 Comments Off on Omninet Capital Claims Torrance, Commerce Office Complexes for $80M Views: 561 California News, Los Angeles

Omninet Capital Claims Torrance, Commerce Office Complexes for $80M

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NKF completed a pair of office deals in SoCal totaling nearly $80 million. One transaction was in Torrance, the other in Commerce (pictured).

The Torrance deal involved the $39-million off-market sale of Park Del Amo, a three-building, 204,468-square-foot office campus located at 2355 and 2377 Crenshaw Blvd. NKF’s Kevin Shannon, Ken White, and Michael Moore represented the seller, TA Associates. The buyer, Omninet, a Beverly Hills-based VC firm, was self-represented.

Built in 1985, the property is situated on 12.78 acres and is 92% occupied by multiple tenants including Keenan & Associates, which occupies 43% of the property and recently signed a five-year lease extension.

The Commerce transaction involved the $39-million sale of Commerce Plaza, a two-building, 194,908-square-foot office complex, at 5601 E. Slauson Ave. and 5701 S. Eastern Ave, in Central Los Angeles.

The self-represented buyer, Omninet Capital, also owns Commerce Office Park located directly across the street. NKF’s Shannon, White and Scott Schumacher represented the seller, Colony Capital.

Connect With Omninet Capital

Connect With Colony Capital

Connect With NKF’s Shannon


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