Patrick Soon-Shiong’s NantWorks buys Redondo Beach industrial park

The company's billionaire owner has been actively investing in the South Bay

Los Angeles /
Apr.April 03, 2019 05:00 PM
From left:Timur Tecimer and Patrick Soon Shiong (Credit: Google Maps)

The nation’s richest doctor has bought another property in the South Bay.

An entity tied to NantWorks, a biotechnology company founded by billionaire Patrick Soon-Shiong, paid $27 million to acquire an industrial park in Redondo Beach, The Real Deal has learned.

The property, located at 2819 182nd Street, spans 137,100 square feet.

Overton Moore Properties, a commercial real estate firm based in Gardena, sold the property. The firm owns several industrial properties around Southern California.

A representatives for NantWorks confirmed the purchase. Overton Moore did not immediately comment.

NantWorks bought the property through an LLC, named 182nd Redondo, records show.

Soon-Shiong, who also owns the Los Angeles Times, has been increasingly buying up commercial and industrial properties in the South Bay. In January 2018, an entity tied to NantWorks paid $43 million for an industrial warehouse in El Segundo. Roughly seven months later, Soon-Shiong also bought a warehouse on Imperial Highway for $50 million. The property is adjacent to the Times’ new headquarters, which he also owns.


Related Articles

arrow_forward_ios
Montana Avenue Capital Partners Jeremy Rogers with 2777 North Ontario Street (Montana Avenue Capital Partners, Google Maps, Getty)
Montana Avenue Capital pays $37M for Burbank entertainment complex
Montana Avenue Capital pays $37M for Burbank entertainment complex
CenterCal Properties' Jean Paul Wardy and Redondo Beach Mayor with rendering of redeveloped Redondo Beach waterfront (CenterCal Properties, LinkedIn)
Redondo Beach scores point in legal flap over failed waterfront revamp
Redondo Beach scores point in legal flap over failed waterfront revamp
Redondo Beach Mayor Bill Brand with Redondo Beach pier (Bill Brand via Twitter, Google Maps, Getty)
Developer leaks crude emails by Redondo Beach mayor
Developer leaks crude emails by Redondo Beach mayor
Santa Monica Councilmember Phil Brock (Linkedin, Getty)
Builder’s remedy could allow thousands of new homes in California
Builder’s remedy could allow thousands of new homes in California
The Ratkovich Company's Brian Saenger and 5950-5978 Bowcroft Street (LinkedIn, Google Maps)
Ratkovich plans tech campus redevelopment near Culver City
Ratkovich plans tech campus redevelopment near Culver City
GLP Capital Partners' Alan Yang with 458-486 E. Lambert Road
GLP pays $156M for Fullerton warehouse in OC’s top industrial deal this year
GLP pays $156M for Fullerton warehouse in OC’s top industrial deal this year
IDS Real Estate Group’s co-CEOs David Mgrublian and Murad Siam with Irwindale Speedway at 500 Speedway Drive in Irwindale (Irwindale Event Center, IDS Real Estate, Getty)
Irwindale Speedway site to transform into industrial park
Irwindale Speedway site to transform into industrial park
Stream Realty Partners' Mike McVean, QuadReal's Dennis Lopez, and Stream Realty Partners' Lee Belland with 1800 Tapo Canyon Rd
First tenant signed at Simi Valley industrial park
First tenant signed at Simi Valley industrial park
arrow_forward_ios

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

Loading...