Chase Partners secures L.A. office investment

Chase Partners Ltd. this week announced it paid more than $43 million for a 250,000-square-foot office property in Torrance, Calif.

The class A building, Hamilton Place, is located at 20101 Hamilton Ave. Designed in the shape of a diamond, Hamilton Place includes an interior courtyard and a raised-floor computer room.

Although Toyota Motors recently vacated the three-story building in which it occupied the majority of space, Applied Signal Technologies has already signed to relocate to the facility for a long-term commitment, according to a press statement.

Alliance Commercial Partners sold the property, whose common areas are currently being upgraded by the new owner.

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.