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

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

TRD 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
Arthur Rasmussen, Jr., Senior Vice President at CBRE

Cold storage demand adds heat to sizzling industrial market

750 N. Francisca Avenue (Credit: Google Maps)

A plot of land in Redondo Beach is going for $40M

Craig Realty founder Steven Craig and 23880 Madison Street

Here are LA County’s top 5 industrial sales of May

IDEAL Capital Group President Austin Herzog, Aegon Asset Management US CEO Gary Black, and the Novella Redondo

Joint venture pays $54M for storm-damaged Redondo Beach resi complex

Fort Point partner Christina Pai and AMS chief workforce development officer Ken Wiseman

With SoCal industrial market still hot, warehouse firm sells majority stake

Exeter Property buys massive industrial site in hot Inland Empire

Former 7-Eleven CEO cuts price for Redondo Beach manse to $12M

Latest mall redevelopment project, this one from Forest City, is a go

arrow_forward_ios