West Coast Capital buys Cerritos office tower for $24M

The 105K sf building is part of the larger Cerritos Towne Center complex

Jul.July 31, 2018 04:00 PM
12800 Center Court Drive South and WCCP co-founder and principal Scott Douglas

West Coast Capital Partners acquired a Cerritos office tower for $24 million, or around $229 per square foot.

The five-story, 105,000-square-foot property at 12800 Center Court Drive South was purchased from an affiliate of Transpacific Development Company, according to the Los Angeles Business Journal. Transpacific developed the property and completed it in 2009.

The building sits on 3.5 acres part of the larger Cerritos Towne Center development, a 125-acre mixed-use development. The Utah State Retirement System purchased the retail portion of the property for $97 million in March. The retail portion is directly across the street, and comprises 500,000 square feet of retail space, including a Trader Joe’s supermarket.

The Towne Center property also includes the Cerritos Center for the Performing Arts and a Sheraton brand hotel. [LABJl] — Dennis Lynch 

Related Articles

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

From left: Owen Fileti, and Felipe Gomez

Startup brokerage HelloOffice expands to LA, hires former top LA Realty broker

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando