{"id":1004193996,"date":"2017-10-17T09:11:22","date_gmt":"2017-10-17T17:11:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004193996"},"modified":"2022-12-08T20:14:05","modified_gmt":"2022-12-09T04:14:05","slug":"pacific-center-changes-hands-in-torrance-ca","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pacific-center-changes-hands-in-torrance-ca\/","title":{"rendered":"Pacific Center Changes Hands in Torrance, CA"},"content":{"rendered":"<p>By Evelyn Jozsa<\/p>\n<div id=\"attachment_1004193997\" style=\"width: 250px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/pacific-center_yardi.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004193997\" data-attachment-id=\"1004193997\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pacific-center-changes-hands-in-torrance-ca\/pacific-center_yardi\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/pacific-center_yardi.jpg\" data-orig-size=\"640,800\" 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=\"pacific center_yardi\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Pacific Center&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/pacific-center_yardi.jpg?w=640\" class=\"wp-image-1004193997 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/pacific-center_yardi.jpg\" alt=\"Pacific Center\" width=\"240\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/pacific-center_yardi.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/pacific-center_yardi.jpg?resize=240,300 240w\" sizes=\"auto, (max-width: 240px) 100vw, 240px\" \/><\/a><p id=\"caption-attachment-1004193997\" class=\"wp-caption-text\">Pacific Center, Torrance<\/p><\/div>\n<p>Related Fund Management acquired Pacific Center, a 306,765-square-foot, class A office building in Torrance, Calif. HFF&#8217;s Senior Managing Director Ryan Gallagher and Managing Director Andrew Harper procured the buyer and represented the seller, Stream Realty Partners, who recently expanded its <a href=\"https:\/\/www.commercialsearch.com\/news\/stream-expands-property-management-portfolio\/\">property management portfolio<\/a>\u00a0in Pasadena, Calif.\u00a0<\/p>\n<p>The eight-story, state-of-the art building is situated at 21250 Hawthorne Blvd., at the intersection of Hawthorne and Torrance Boulevards across from the Del Amo Fashion Center and is exposed to State Route 107. Pacific Center is close to neighborhoods such as Palos Verdes, Rancho Palos Verdes, Rolling Hills Estates, Hermosa Beach and Manhattan Beach.<\/p>\n<p>Renovated in 2017, the office building is 91 percent leased to tenants including Bank of America, Morgan Stanley, ANA, Wells Fargo and Barrister Executive Suites. According to Yardi Matrix, a total of 69,807 square feet, or\u00a0eight spaces, are still available for rent. The price ranges between $31.80 to $39 per square foot per year. Also, the building features 1,021 parking spaces.<\/p>\n<p><em>Image courtesy of Yardi Matrix<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HFF worked on behalf of the seller, Stream Realty Partners, and procured the buyer. The class A office building currently has eight vacant spaces.<\/p>\n","protected":false},"author":871,"featured_media":1004193997,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1594,21742,21747,15],"tags":[32792,37983,33358],"class_list":["post-1004193996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-los-angeles","category-latest","category-office","category-west","tag-hff","tag-ryan-gallagher","tag-stream-realty-partners"],"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>Pacific Center Changes Hands in Torrance, CA - 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\/pacific-center-changes-hands-in-torrance-ca\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pacific Center Changes Hands in Torrance, CA\" \/>\n<meta property=\"og:description\" content=\"HFF worked on behalf of the seller, Stream Realty Partners, and procured the buyer. 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