{"id":1004190789,"date":"2017-09-18T06:58:04","date_gmt":"2017-09-18T14:58:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004190789"},"modified":"2022-12-09T02:57:46","modified_gmt":"2022-12-09T10:57:46","slug":"nkf-brokers-sale-of-south-la-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nkf-brokers-sale-of-south-la-office-building\/","title":{"rendered":"NKF Brokers Sale of South LA Office Building"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004190793\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/1899-Western-Way-in-Torrance-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004190793\" data-attachment-id=\"1004190793\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nkf-brokers-sale-of-south-la-office-building\/1899-western-way-in-torrance-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/1899-Western-Way-in-Torrance-Calif.-e1505742275271.jpg\" data-orig-size=\"1175,883\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1899 Western Way in Torrance, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1899 Western Way in Torrance, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/1899-Western-Way-in-Torrance-Calif.-e1505742275271.jpg?w=1024\" class=\"wp-image-1004190793 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/1899-Western-Way-in-Torrance-Calif.-e1505742275271.jpg\" alt=\"1899 Western Way in Torrance, Calif.\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/1899-Western-Way-in-Torrance-Calif.-e1505742275271.jpg 1175w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/1899-Western-Way-in-Torrance-Calif.-e1505742275271.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/1899-Western-Way-in-Torrance-Calif.-e1505742275271.jpg?resize=768,577 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/09\/1899-Western-Way-in-Torrance-Calif.-e1505742275271.jpg?resize=1024,770 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004190793\" class=\"wp-caption-text\">1899 Western Way in Torrance, Calif.<\/p><\/div>\n<p>Continental Development Corp. sold a 75,711-square-foot office building in Torrance, Calif. to Miramar Property Group. The asset\u00a0changed hands for $19 million.<\/p>\n<p>Located at 1899 Western Way, the office building sits a few minutes from interstates 405 and 110. Completed in 2004 and situated on 4.4 acres, the asset is fully leased to Unify Financial Credit Union, which uses the space as\u00a0its corporate headquarters.<\/p>\n<p>Newmark Knight Frank\u2019s Kevin Shannon, Ken White and Scott Schumacher represented the seller. The 1031 exchange buyer represented itself. Earlier this month, Shannon also arranged the sale of <a href=\"https:\/\/www.commercialsearch.com\/news\/dominguez-sells-la-officemedical-asset-for-49m\/\">Madrona Business Center<\/a> in Torrance.<\/p>\n<p><em>&#8220;The property offered the buyer an ideal location in a desirable submarket with a solid long-term triple-net lease in place,&#8221;<\/em> Shannon said in a prepared statement. <em>&#8220;The South Bay market continues to strengthen as tenants from other pricier Los Angeles markets seek an amenity-rich and easily accessible location.&#8221;<\/em><\/p>\n<p><em>Image courtesy of Newmark Knight Frank<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Miramar Property Group acquired a 75,711-square-foot property in Torrance, Calif., from Continental Development Corp. The asset is fully leased to Unify Financial Credit Union.<\/p>\n","protected":false},"author":753,"featured_media":1004508778,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1594,21742,21747,15],"tags":[33532,36007],"class_list":["post-1004190789","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-los-angeles","category-latest","category-office","category-west","tag-kevin-shannon","tag-newmark-knight-frank"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NKF Brokers Sale of South LA Office Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nkf-brokers-sale-of-south-la-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NKF Brokers Sale of South LA Office Building\" \/>\n<meta property=\"og:description\" content=\"Miramar Property Group acquired a 75,711-square-foot property in Torrance, Calif., from Continental Development Corp. 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