Torrance Office Lease Valued at Over $21 mil

With asking rates for office space in LA’s Westside continuing to skyrocket, activity in the South Bay has started picking up. In a sizable deal that just closed, CCH Inc, a provider of information services, software and workflow tools for tax, accounting, legal and business professionals, took 67.5k sf of space at Hamilton Place, a 250k f property at 20101 Hamilton Ave in Torrance. The 11-year deal has a total value of $21.7 mil ($2.44/sf/mo).

Designed in the shape of a diamond, Hamilton Place includes an interior courtyard and extensive free on-grade parking. The building, which was purchased by Chase Partners Ltd earlier this year, is centrally located at the intersection of the San Diego (405), Harbor (110) and Artesia (91) freeways and is visible from the Harbor freeway. It also has convenient access to the LAX airport, the ports of Los Angeles and Long Beach as well as to Orange County and the submarkets of Los Angeles.

John Anthony and Robert Wood of Charles Dunn Company, along with Bill Bloodgood of CB Richard Ellis, represented the landlord, Chase Hamilton LLC. Greg Gill, Greg Bendis, Eugene Page and Kim Emery of Charles Dunn’s Long Beach office handled matters for the tenant. Chase retained Anthony, Wood and Bloodgood as the exclusive leasing agents for Hamilton Place. The team recently leased 40k sf of space to Applied Signal Technologies.

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source: rentv.com