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Borstein Enterprises affiliates acquires South Bay office campus for $24.75m
Borstein Enterprises announced the acquisition of DYAD South Bay, a two-building, two-story office campus totaling approximately 116,220 square feet on 5.3 acres of land. The project, located at 19700 and 19750 South Vermont Ave., Torrance, Calif., was purchased for $24.75 million.
Colliers represented both the seller, an entity owned by certain funds managed by Westport Capital Partners, and the buyer.
“While office transactions remain scarce, the DYAD sale demonstrates that demand remains strong for high-quality assets with a unique story,” said Mark Schuessler, executive vice president at Colliers. “This acquisition was a perfect fit for Borstein Enterprises’ growing portfolio of well-located properties with a long-term hold strategy.”
Positioned at the strategic intersection of Interstate 405 and Interstate 110, the buildings are 59,700 square feet and 56,500 square feet, respectively; feature abundant surface parking at four spaces per 1,000 squar