October 18, 2017 Comments Off on Torrance Office Trades Again, Eclipses $100M This Time Views: 805 California News, Los Angeles

Torrance Office Trades Again, Eclipses $100M This Time

Pacific Center, a 306,765-square-foot, state-of-the-art office building in Torrance, CA, sold for reportedly in the neighborhood of $105 million. Related Fund Management, a subsidiary of Related Companies, acquired the asset from Dallas-based Stream Realty Partners, L.P. In 2015, Stream Realty acquired the property from Bixby Land Co. for $68.5 million.

The eight-story property is located at 21250 Hawthorne Blvd., at Hawthorne and Torrance Boulevards, near the Del Amo Fashion Center. Renovated in 2017, Pacific Center is 91% leased to such tenants as Bank of America, Morgan Stanley, ANA, Wells Fargo and Barrister Executive Suites.

HFF’s investment sales team representing the seller included Ryan Gallagher and Andrew Harper.

Read more at Business Wire

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