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South Bay Office Project Sells for $21M with Plans for Flex/Industrial Space Repositioning

Atrium Business Center_Hero

Colliers brokers the sale of Atrium Business Center

Los Angeles, Calif.  August 24, 2022 – Colliers today announced the sale of Atrium Business Center, a 114,000 square-foot flex office/industrial project located at 23800-23868 Hawthorne Boulevard in South Torrance. The property sold for $21,000,000 in an off-market deal wherein LCG Atrium, LCC, a joint venture between Ledo Capital Group and Greg St. Clair of St. Clair Commercial, acquired the project from Kay Properties.

Colliers’ Thacher Goodwin, Kyle Degener, and Carter Rudnick represented the sellers in the transaction and will remain the leasing team for LCG Atrium, LLC.

“Atrium is one of the most unique opportunities for repositioning an asset in the South Bay market,” Anthony J. Brent, Managing Principal and Founder, Ledo Capital Group. “It provides small well-amenitized industrial and production spaces that are irreplaceable today, adjacent to the major coastal housing markets along Hawthorne boulevard.“ 

Initially built in 1973 as an industrial park, the five-building project has gradually transformed into affordable office space for the Beach Cities communities in the late 1980s. Four of the five buildings consist of 24,000 square feet of total space, with 14,000 square feet of ground floor space and 10,000 square-foot second-story perimeter offices surrounding an open-air atrium above.

“The new ownership group is currently in the process of repositioning the project, allowing for a mixed-use of small flex warehouse, production, and tech spaces, coupled with a unique creative office twist,” said Goodwin. “This vision will cater to the lack of available small flex warehouse space in the South Bay while providing businesses the opportunity to combine light industrial needs with creative office and abundant parking.”

Renovation plans include allowance for ground-level roll-up access for light industrial warehouse units, an open mezzanine concept for the office space, and open-air second-story atriums allowing tenants to use outdoor patio amenities—an increasingly common request of most office tenants in the post-Covid environment. In addition, the project will undergo a complete modernization, including landscaping, interior, and exterior upgrades, and Tenant amenity areas. 



Media Contact: 
Leanne Daly 
PR & Communications | Southwest Region 
+1 760 930 7941 

About Colliers 
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $77 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors and our people. Learn more at, Twitter @Colliers, or LinkedIn

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Thacher Goodwin

Vice President

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Thacher Goodwin joined Colliers International in 2006 and quickly positioned himself as the Lower Westside and South bay Office market leader for Colliers. As the founding member of The LWXSB Los Angeles Office Team, Thacher offers clients over 15 years of industry-leading market knowledge, well-honed negotiating skills, an unrivaled network, and a proven track record for delivering superior results and service to his clients.

Mr. Goodwin specializes in representing both Occupiers and Owners on a local and global basis. As a member of Colliers National  Occupier Service Group, Mr. Goodwin also serves as the Colliers senior account manager for Mattel Inc.'s global portfolio, and is the Los Angeles based account lead for various global companies like Walmart, Autodesk and BAE. 

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Kyle Degener

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Kyle specializes in the representation of local & institutional owners as well as regional & national tenants & buyers. He has experience in land sales & leasing, industrial single & multi-tenant representation, investment sales, and industrial redevelopment transactions throughout the LOS ANGELES (South Bay) MARKET.

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Carter Rudnick

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Carter Rudnick Joined Colliers international in 2017. Prior to joining Colliers Carter worked for Jones Lang LaSalle, The Swig Company & Salesforce. Born and raised in the Bay Area, Carter has a passion for understanding new and emerging technologies. As a member of the Colliers Office Leasing Team in El Segundo, Carter brings with him local market knowledge of West LA, The South Bay, and Orange County. Carter Specializes in advising both tenants and landlords to help them find creative and agile solutions to real estate based requirements. Carter nurtures an exceptional level of trust among his peers and clients, by always looking at each transaction from multiple angles and presenting his findings directly and without bias.

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Leanne Daly

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