Update: HFF announced the closing of this sale on October 16, 2017. Click here to view our Property Search page to see the current list of available commercial real estate properties.
Holliday Fenoglio Fowler, L.P., (HFF) is exclusively marketing for sale Pacific Center, an eight-story state-of-the-art and newly remodeled building, boasting the best amenities, concierge service and coastal access in the South Bay. Originally built in 1988 and extensively renovated in 2017, this 306,765-square-foot office building is currently 91 percent leased to a diverse mix of regional and national tenants, with credit tenancy accounting for more than 28 percent of the leased premises.
Pacific Center is located at 21250 Hawthorne Boulevard in Torrance at the corner of major thoroughfares Hawthorne and Torrance Boulevards. The building is ideally situated proximate to a variety of amenities; it is across the street from the 2.3 million-square-foot Del Amo Fashion Center, which recently underwent a $450 million renovation and expansion that has completely changed the dynamics of this market. Del Amo Fashion Center is the third most visited mall in the United States and boasts more than 200 high-end retailers and restaurants. Old Town Torrance, which includes 30 restaurants, 13 entertainment venues, 11 cafes, 16 fitness and yoga studios, three breweries and a sushi-making school, is only five minutes away. Torrance provides a unique 18-hour atmosphere for millennials in the greater Los Angeles area. The property capitalizes on the surrounding market by providing a shuttle service to its tenants. Additionally, the affluent neighborhoods of Palos Verdes, Rancho Palos Verdes, Rolling Hills Estates, Hermosa Beach and Manhattan Beach are nearby. The direct access to a large executive workforce is a driving reason the property has consistently outperformed the market in terms of rate and occupancy.
For more information on Pacific Center or other office properties for sale, please contact Ryan Gallagher or Andrew Harper. For financing and debt placement questions, please contact Kevin MacKenzie. Click here for our real estate investment sales search page.
Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker Licensed with the California Department of Real Estate, License Number 01385740.