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

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

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.

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