{"id":1004195270,"date":"2017-10-30T13:12:50","date_gmt":"2017-10-30T21:12:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004195270"},"modified":"2022-12-08T17:42:16","modified_gmt":"2022-12-09T01:42:16","slug":"nkf-arranges-sale-of-south-la-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-sale-of-south-la-office-campus\/","title":{"rendered":"NKF Arranges Sale of South LA Office Campus"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004195271\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/The-Knox-in-Torrance-Calif..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004195271\" data-attachment-id=\"1004195271\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-sale-of-south-la-office-campus\/the-knox-in-torrance-calif\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/The-Knox-in-Torrance-Calif.-e1509094398392.jpg\" data-orig-size=\"1172,882\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;11&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark IV&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1494078930&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;17&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.004&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"The Knox in Torrance, Calif.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The Knox in Torrance, Calif.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/The-Knox-in-Torrance-Calif.-e1509094398392.jpg?w=1024\" class=\"wp-image-1004195271 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/The-Knox-in-Torrance-Calif.-e1509094398392.jpg\" alt=\"The Knox in Torrance, Calif.\" width=\"300\" height=\"226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/The-Knox-in-Torrance-Calif.-e1509094398392.jpg 1172w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/The-Knox-in-Torrance-Calif.-e1509094398392.jpg?resize=300,226 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/The-Knox-in-Torrance-Calif.-e1509094398392.jpg?resize=768,578 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/10\/The-Knox-in-Torrance-Calif.-e1509094398392.jpg?resize=1024,771 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004195271\" class=\"wp-caption-text\">The Knox in Torrance, Calif.<\/p><\/div>\n<p>Ruth Group sold The Knox, a two-building office park in Torrance, Calif., to Wilshire Capital Investments. The 108,000-square-foot property changed hands for $21.6 million. At the time of sale, the asset was 98 percent occupied.<\/p>\n<p>Located at 680 and 690 Knox St., within the Harbor Technology Center Business Park, the property sits at the intersection of interstates 110 and 405. The Knox offers easy access to multiple bus stations, restaurants and hotels, including Los Chilaquiles Mexican Grill, Holiday Inn and Extended Stay America. Completed in 1984, the two buildings underwent a major cosmetic renovation in 2016. Tenants include C.H. Robinson, Midmark Corp. and Allied Digital.<\/p>\n<p>Kevin Shannon, president of NKF&#8217;s West Coast capital markets group, along with NKF Executive Managing Director Ken White and Managing Director Michael Moore, represented the seller, Ruth Group. The buyer was self-represented. Earlier this month, Shannon and White also arranged the sale of 800 Corporate Pointe, a 246,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/vornado-sells-la-office-asset-for-148m\/\">Culver City office<\/a>\u00a0asset.<\/p>\n<p><em>\u201cCreative office rents in this market are about 20 percent higher than tr<\/em><em>aditional office space, and the Torrance submarket is significantly more economical than other nearby locations such as El Segundo,\u201d<\/em> Shannon said in a prepared statement.<\/p>\n<p><em>Image courtesy of Newmark Knight Frank<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wilshire Capital Investments acquired The Knox, a 108,000-square-foot office campus in Torrance, Calif., from Ruth Group. At the time of sale, the asset was 98 percent occupied.<\/p>\n","protected":false},"author":753,"featured_media":1004508765,"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":[33532,38104,36007],"class_list":["post-1004195270","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-kevin-white","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 Arranges Sale of South LA Office Campus - 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-arranges-sale-of-south-la-office-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NKF Arranges Sale of South LA Office Campus\" \/>\n<meta property=\"og:description\" content=\"Wilshire Capital Investments acquired The Knox, a 108,000-square-foot office campus in Torrance, Calif., from Ruth Group. At the time of sale, the asset was 98 percent occupied.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-sale-of-south-la-office-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-10-30T21:12:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:42:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/The-Knox-in-Torrance-Calif..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"883\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Razvan Cimpean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-sale-of-south-la-office-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/nkf-arranges-sale-of-south-la-office-campus\/\",\"name\":\"NKF Arranges Sale of South LA Office Campus - 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