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December 10, 2017
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SOUTHERN CALIFORNIA NEWS
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Related Fund Management Buys 300k sf South Bay Office Asset

10/18/17

Related Fund Management purchased Pacific Center, a 306.8k sf, state-of-the-art office building in the Los Angeles/South Bay-community of Torrance. The price was not disclosed.

Pacific Center is located at 21250 Hawthorne Blvd, at the heavily trafficked intersection of Hawthorne and Torrance Boulevards. It is across from the Del Amo Fashion Center, which recently underwent a $500 mil renovation.

The property is strategically located within close proximity of many of the areas affluent neighborhoods, including Palos Verdes, Rancho Palos Verdes, Rolling Hills Estates, Hermosa Beach and Manhattan Beach. Renovated in 2017, the eight-story Pacific Center is 91% leased to tenants, including Bank of America, Morgan Stanley, ANA, Wells Fargo and Barrister Executive Suites.

Ryan Gallagher and Andrew Harper with HFF represented the buyer and the seller, Stream Realty Partners, L.P.




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