Alta West Partners, Glendon Capital Management, and an affiliate of A2 Capital Management have successfully completed the acquisition of 3401 Del Amo in Torrance. This 83,000-square-foot flex research and development asset, located in the South Bay submarket of Los Angeles County, was purchased for a total of $21.4 million. Notably, the property was originally constructed for Kubota Tractor Corporation and has never been publicly marketed for lease.
The buyer and seller were both represented by a broker team from Cushman & Wakefield, consisting of Brett Racanelli, Nathan Piehl, and Jeff Morgan. The transaction was an all-cash deal. Additionally, Cushman & Wakefield has been retained by the new owner to handle the property’s leasing efforts moving forward.
Brett Racanelli expressed his satisfaction with the acquisition, stating, “This property aligns with Alta West’s investment strategy, and we were pleased to have supported them throughout a very smooth closing process. Torrance continues to attract innovative companies in technology, aerospace, and advanced manufacturing, making this a prime location for R&D and flex users.”
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Congratulations on the acquisition! It’s always exciting to see companies grow their portfolio. I can’t wait to see how Alta West will shape the South Bay submarket with their strategic vision and expertise.