Miramar Capital picks up Torrance office building for $19M

The newly-formed company acquired several properties in the LA area in the last year

Los Angeles /
Apr.April 16, 2018 05:30 PM
From left: Miramar Capital managing partners Perry Hariri, Jae Yi and Paul Fuhrman with property at 20285 Western Avenue (Miramar Capital)

Real estate firm Miramar Capital paid $19 million for an office building in Torrance, the latest in what has been a series of acquisitions in the Los Angeles area since the company formed last year.

The Santa Monica-based Miramar’s purchase of the 77,200-square-foot building comes out to $247 per square foot.

The seller was El Segundo-based Mar Ventures, according to the Los Angeles Business Journal, which reported on the deal.

The three-story building, located just south of the 405 freeway near the former Toyota campus, sits on nearly 4 acres of land. Tenants include Verengo Solar, Maritz Research and South Bay Environmental Services Center.

Kevin Shannon, Kevin White and Michael Moore of NKF Capital Markets represented Mar Ventures. Miramar was represented in-house.

Miramar, a recently-launched company formed by former Colony NorthStar employees, focuses on office and multifamily investments. It owns a 75,700-square-foot office building at 1899 Western Avenue, located a few blocks away from the new purchase; as well as some properties in Redondo Beach, Hollywood and Mountain View. [LABJ] — Natalie Hoberman


Related Articles

arrow_forward_ios
The Godfrey Hotel in Hollywood and the Hyatt Place in San Francisco (Godfrey Hotel Hollywood, TripAdvisor)
California hotel buyers’ price per room goes up, deals down
California hotel buyers’ price per room goes up, deals down
From left: Harbor Associates' Joon Choi, Justin Loiacono, and Paul Miszkowicz with 30601 Agoura Road
Harbor Associates buys Agoura Hills office for lab redevelopment
Harbor Associates buys Agoura Hills office for lab redevelopment
Los Angeles overflowing with shipping containers
Desert “port” planned to relieve San Pedro Bay congestion
Desert “port” planned to relieve San Pedro Bay congestion
Martin Katz and Fred Hayman building at 190 N. Canon Drive, Beverly Hills (GIA, Loopnet, Getty)
Martin Katz goes top-floor in Beverly Hills
Martin Katz goes top-floor in Beverly Hills
East End Capital's Shep Wainwright with rendering ADLA Campus (East End Capital, Grimshaw)
East End Capital eyes $1B film studio in Arts District
East End Capital eyes $1B film studio in Arts District
Blackstone's Stephen Schwarzman with 6700 8th Street, 22642 Lambert Street and 23512 Commerce Center (Getty, PS Business Parks, LoopNet)
OC portfolio with 1.1M sf part of Blackstone acquisition
OC portfolio with 1.1M sf part of Blackstone acquisition
Brookfield’s Brian Kingston with 425 East Colorado Street (Brookfield's Real Estate Group, LoopNet)
Brookfield sells Glendale office building to owner-occupier
Brookfield sells Glendale office building to owner-occupier
Joel Schreiber and 801 South Broadway (Google Maps)
Former WeWork investor enters Chapter 11 for DTLA “metaverse hub”
Former WeWork investor enters Chapter 11 for DTLA “metaverse hub”
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...