May 28, 2020
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.
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