Grubb & Ellis represented Addison, Texas-based Torrance 4100 LLC in the purchase of a 363,290-square-foot industrial building in Torrance, Calif.
The transaction was valued at $33.9 million.
The concrete tilt-up facility, which was built in 1974 and renovated in 2002, is located at 4100 190th St. The property, which was sold by The O’Donnell Group of Newport Beach and its financial partner AIG, was 100 percent leased at the time sale.
Kevin Shannon, Scott Schumacher and Michael Moore of Grubb & Ellis’ South Bay office represented the buyer in the transaction. Shannon, Schumacher and Moore also represented the seller along with David Prior and Todd Taugner of the Klabin Co.
Grubb & Ellis is a provider of integrated real estate services.
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