Brookfield Properties Acquires Torrance Office Building From Montana Avenue Capital For $36.1M

The property at 19701 Hamilton Ave, Torrance, CA, 90502, in the Torrance market, was recently sold for $36,100,000.00. The asset is an office space spanning 125,000 square feet. The seller, Montana Avenue Capital Partners, facilitated the sale to the buyer, Brookfield Properties. The sellers were represented by Kristen Bowman and Steven (Steve) Solomon from Colliers International.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $36,100,000.00
• Address: 19701 Hamilton Ave, Torrance, CA, 90502
• Market: Torrance
• Seller: Montana Avenue Capital Partners
• Buyer: Brookfield Properties
• Square Footage: 125,000
• Seller's Rep: Kristen Bowman (Colliers International), Steven (Steve) Solomon (Colliers International)

The sale of the office property signifies a significant transaction in the Torrance market, with Montana Avenue Capital Partners successfully closing the deal with Brookfield Properties. The involvement of Kristen Bowman and Steven Solomon from Colliers International highlights the expertise and professionalism demonstrated in the negotiation and finalization of this substantial real estate transaction.