Grubb & Ellis Co. represented Jamison Properties, a Los Angeles-based private investment group, in the purchase of Del Amo Financial Center, a 350,255-square-foot office project in Torrance, Calif.
The value of the transaction was $68 million.
Del Amo Financial Center, which is located at 21515-21535 Hawthorne Blvd., consists of two office towers and four freestanding pavilion buildings. The property, which was built in 1966 and remodeled in 1998, was 70 percent leased at the time of sale.
San Diego-based Southwest Value Partners sold the asset.
Grubb & Ellis Co. is a global provider of integrated real estate services.
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