The asset involved in this transaction is a retail property located at 2690 Crenshaw Boulevard in Torrance. The building, which spans 11,753 square feet, was previously occupied by Walgreens and features a drive-thru along with 58 parking spaces. Its strategic location at a prime South Torrance intersection near Rolling Hills Plaza enhances its visibility and accessibility.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Not disclosed
• Lease Term: 10-year
• Landlord: Berke Enterprises LTD
• Tenant: Robert Greenberg & Michael Greenberg - Skechers
• Landlord's Representative: Leslie Mayer - Cushman & Wakefield
• Tenant's Representatives: Ilmar Kalviste & Sheri Messerlian - NAI Capital Commercial

NAI Capital Commercial’s representatives, Sheri Messerlian and Ilmar Kalviste, played a pivotal role in securing the 10-year lease for Skechers, representing the landlord, Berke Enterprises LTD. Their involvement contributed to the successful transition of the former Walgreens site into a new retail space for the tenant.