Newmark Completes Sale of 575,976-Square-Foot Torrance Technology Campus in Los Angeles’ South Bay Market

LOS ANGELES, Aug. 24, 2021 /PRNewswire/ — Newmark1 announces it has arranged the sale of Torrance Technology Campus, a five-building, 575,976-square-foot technology campus situated on 27 acres in the heart of Los Angeles’ South Bay. The total consideration was approximately $182 million.

3100 Lomita Boulevard, part of Torrance Technology Campus, image courtesy of Newmark

Newmark’s Co-Head of U.S. Capital Markets Kevin Shannon, Senior Managing Director Scott Schumacher and Executive Managing Director Ken White represented the seller, Torrance FRM LLC. The buyer, Rexford Industrial, was self-represented.

“This 27-acre industrial-zoned parcel in Torrance provides inherent long-term value with scale that is nearly impossible to replicate in this mature infill market,”

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