Skip to main content Skip to footer

Colliers Completes Sale of a ±125,000 square foot Creative Office Space in the South Bay

IMG_19701 Hamilton_Hero

Colliers Arranges the $36.1 Million Sale of a South Bay Creative Office Building

Los Angeles, Calif., March 4, 2022 – Colliers today announced the sale of 19701 Hamilton Avenue, a ±125,000 square foot, two-story creative office space in the South Bay city of Torrance known as “The H.” Notable features of the 5.2-acre property include glass roll-up doors, 13’6-foot ceiling heights, event and conference facilities, mixed-use recreational space, and outdoor lounge areas. The property’s premier location, ample amenities, high-caliber building design, and proximity to the Port of Los Angeles piqued the interests of multiple buyers. 

Colliers’ Senior Executive Vice President Steve Solomon and First Vice President Kristen Bowman negotiated a $36,100,000 off-market deal representing the sellers, Montana Avenue Capital Partners and Contrarian Capital Management, who first acquired the asset in 2016. JLL’s Chad Solomon represented the institutional buyer, who recently acquired the property as a covered land play. 

The deal presented a unique opportunity for Colliers’ Steve Solomon to work in tandem with his son, Chad Solomon of JLL, whose strategic collaboration efforts resulted in a swift and successful closure for both parties.  

“As industrial demand climbs, we see increased activity in covered land plays. Older office buildings with some vacancy are transformed into more mixed-use buildings to accommodate tenants in the research, development, or Industrial space,” said Steve Solomon. “Thirty years ago, I never would have guessed that industrial land would be worth more than office, but I expect this cycle to remain for several years to come.”  

 

Media Contact: 
Leanne Daly 
PR & Communications Specialist | Southwest 
Leanne.Daly@colliers.com 
760-930-7941
 

 
About Colliers 
Colliers is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn


 
About MAC 
Montana Avenue Capital Partners (“MAC”) is a real estate investment, management, and development company headquartered in Los Angeles, California. MAC acquires and manages real property investments in innovation clusters across the country on behalf of high-net-worth individuals, family offices, and institutional investors, targeting attractive risk-adjusted returns. For more information, please visit www.macpartnersllc.com 


 


Related Experts

Steve Solomon

Senior Executive Vice President

Los Angeles - El Segundo

Steve Solomon joined Colliers in 2021 as a Senior Executive Vice President., specializing in the leasing and sale of office properties, and tenant consulting in the Los Angeles area.  He joined us from a competitive firm, where he was tasked with opening the South Bay office in 2007, and spent 17 years.   Steve has over 30 years of experience in the acquisition and disposition of investments including office, land, medical, industrial and retail properties.  He is recognized for his in-depth market knowledge, tenacity and long-standing client relationships.  Steve has completed some of the most prominent transactions in the region over the course of his career, totaling over $7 Billion dollars in volume and encompassing over 44 million square feet.  Steve provides site selection studies, real estate planning and analysis, lease analysis, appraisal, financing, construction and sales.  

View expert

Kristen Bowman

First Vice President

Los Angeles - El Segundo

Kristen Bowman is a creative office specialist with more than 7 years’ of experience representing owners and tenants across the Lower Westside and South  Bay markets. She represents both institutional and entrepreneurial tenants and landlords and she has leased over 4 MM square feet in transactions. Focusing  her primarily agency practice on creative related repositionings, Kristen represents a variety of creative office adaptive reuse projects and buildings of  historical significance. Kristen’s clients include Starwood Capital, Worthe Real Estate Group, Walton Street Capital, DivcoWest, and Montana Avenue Capital Partners.

View expert

Leanne Daly

PR & Communications Specialist

Carlsbad

View expert