Wilson Torrance Purchases Property From The Shorenstein Co For $47.5 Million In Torrance

Wilson Torrance LLC has purchased a freestanding retail property located at 22255 S. Western Ave. in Torrance for $47.5 million. The property, leased entirely by Lowe’s Cos., is situated on 12.7 acres and has a total size of 127,400 square feet, which includes a 30,000-square-foot garden center and offers 750 parking spaces with six street access points.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $47,500,000.00
• Address: 22255 S Western Ave, Torrance, CA
• Market: Torrance
• Buyer: Wilson Torrance
• Seller: The Shorenstein Co
• Seller's Representatives: Andrew Bogardus (Cushman & Wakefield), Christopher Sheldon (Cushman & Wakefield), Douglas Longyear (Cushman & Wakefield)

Christopher Sheldon, Andrew Bogardus, and Douglas Longyear of Cushman & Wakefield represented The Shorenstein Co. in this transaction. The buyer managed representation for itself in the deal.