Legacy Partners Acquires Del Amo Village Development Site In Torrance For $18.3M

1844 Plaza del Amo Torrance, California 90501, USA

$18,300,000

Building Size

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Asset Type

Development Site

Closing

May 11, 2023

AI

Newmark, a real estate company, has concluded the $18.3 million sale of Del Amo Village, a multifamily development site in Torrance, California. The 2.8-acre property, located at 1844 Plaza del Amo, has entitlements for 200 market-rate units. Legacy Partners emerged as the buyer in this transaction, taking advantage of the opportunity for new development in a supply-constrained submarket of the South Bay.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $18,300,000
Market: Torrance
Address: 1844 Plaza del Amo
Acres: 2.8

The deal was facilitated by Kevin Shannon, Ken White, Chris Benton, Michael Moore, and Anthony Muhlstein from Newmark, who represented the sellers: PCCP, LaCaze, Muller Company, and Bentall GreenOak.

Players