The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
May 27, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
Flex Campus in South Torrance Sells for $21 Mil


Atrium Business Center, a 114k sf, flex office/industrial project located at 23800-23868 Hawthorne Blvd in South Torrance, sold for $21 mil ($184/sf) in an off-market deal.

Initially built in 1973 as an industrial park, the five-building project has gradually transformed into affordable office space for the Beach Cities communities in the late 1980s. Four of the five buildings are 24k sf in size, consisting of 14k sf of ground floor space and 10k sf of second-story perimeter offices surrounding an open-air atrium above.

Renovation plans include allowance for ground-level roll-up access for light industrial warehouse units, an open mezzanine concept for the office space, and open-air second-story atriums allowing tenants to use outdoor patio amenities—an increasingly common request of most office tenants in the post-Covid environment. In addition, the project will undergo a complete modernization, including landscaping, interior, and exterior upgrades, and Tenant amenity areas.

The buyer was LCG Atrium LCC, a joint venture between Ledo Capital Group and Greg St. Clair of St. Clair Commercial. Thacher Goodwin, Kyle Degener, and Carter Rudnick with Colliers represented the seller, Kay Properties, in the transaction and will remain the leasing team for LCG Atrium LLC. According to Goodwin, the new ownership group is currently in the process of repositioning the project, allowing for a mixed-use of small flex warehouse, production, and tech spaces, coupled with a unique creative office twist.

“Atrium is one of the most unique opportunities for repositioning an asset in the South Bay market,” said Anthony J. Brent, Managing Principal and Founder, Ledo Capital Group. “It provides small well-amenitized industrial and production spaces that are irreplaceable today, adjacent to the major coastal housing markets along Hawthorne Blvd.”

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media