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| Torrance Pointe, Torrance, CA |
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| Andrew Harper |
LOS ANGELES, CA –-
Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Torrance Pointe, a three-building,
145,280-square-foot, low-rise office campus in Torrance, California.
HFF represented the
seller, Amstar Capital, in the transaction.
Montana Avenue Capital Partners purchased the asset all cash for $25.46
million.
Torrance Pointe is located
at 21041, 21061 and 21081 S. Western Avenue just off of Torrance Boulevard, one
of the main arterial roadways in Southern California’s South Bay area.
This location provides easy access to the San
Diego Freeway (1-405) and the Pacific Coast Highway, connecting the property to
the affluent neighborhoods of Palos Verdes, Rancho Palos Verdes, Rolling Hills
Estates and Manhattan Beach.
The three-story buildings share a common area
space at the convergence of the three buildings with the potential to redevelop
it into a unique tenant recreation area.
The 97-percent-leased property, adjacent to Honda’s U.S. headquarters,
is home to tenants including Honda Motor Company, AT&T and Hitachi
Transport System.
The HFF investment sales
team representing the seller was led by director Andrew Harper.
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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