Legacy Partners Acquires Development Site In Torrance For $18.3M

21509 Hawthorne Blvd Torrance, CA 90503, USA

$18,300,000

$150/SF

Building Size

121,968 SF

Asset Type

Development Site

Closing

May 1, 2023

AI

The development site located at 21509 Hawthorne Boulevard in Torrance has been sold in a closed transaction. The asset type of the property is a development site for 200 multifamily units. The transaction involved the sale of the property.

Summary of transaction details:

Property Type: Development Site (200 Multifamily Units)
Transaction Amount: $18,300,000
Market: Torrance
Buyer: Legacy Partners
Seller: PCCP, Muller Company & Bentall GreenOak
Brokers: Kevin Shannon, Chris Benton, Ken White, Anthony Muhlstein & Michael Moore - Newmark

The deal was facilitated by Kevin Shannon, Chris Benton, Ken White, Anthony Muhlstein, and Michael Moore of Newmark. The buyer, Legacy Partners, acquired the property from the sellers, PCCP, Muller Company, and Bentall GreenOak, for a total of $18,300,000.

Players