Trammell Crow Company Acquires Development Site In San Pedro For $10 Million

A 1.29-acre development site located at 625 South Beacon Street in San Pedro has been sold for $10,000,000. The site is fully entitled and will support the construction of a mixed-use residential project comprising 381 units within an eight-story structure. The development plan includes 2,300 square feet of retail space, 5,000 square feet of plaza space, and a parking garage with 505 spaces. Construction is expected to commence in February 2026.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,000,000
• Address: 625 South Beacon Street
• Market: San Pedro
• Acres: 1.29
• Buyer: Adam Nims - Trammell Crow Company
• Broker: Laurie Wixted - The Wixted Group

The deal involved Adam Nims representing the Trammell Crow Company, which is a subsidiary that handled the acquisition of the property. Laurie Wixted served as the representative for the sale, facilitating the transaction and ensuring the entitlement process for the site was successfully completed.