HFF Announces the Sale of Pacific Center in Los Angeles’ South Bay Area

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Pacific Center, a 306,765-square-foot, state-of-the-art office building in the Los Angeles/South Bay- community of Torrance, California.

The HFF team represented the seller, Stream Realty Partners, L.P., and procured the buyer, Related Fund Management.

Pacific Center is located at 21250 Hawthorne Boulevard at the heavily trafficked intersection of Hawthorne and Torrance Boulevards across from the Del Amo Fashion Center, which recently underwent a $500 million renovation. The property is strategically located within close proximity of many of the areas affluent neighborhoods, including Palos Verdes, Rancho Palos Verdes, Rolling Hills Estates, Hermosa Beach and Manhattan Beach. Renovated in 2017, the eight-story Pacific Center is 91 percent leased to tenants, including Bank of America, Morgan Stanley, ANA, Wells Fargo and Barrister Executive Suites.

The HFF investment sales team representing the seller included senior managing director Ryan Gallagher and managing director Andrew Harper.

Holliday Fenoglio Fowler, L.P., acting by and through Holliday GP Corp., a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

About Stream Realty Partners

Stream is a commercial real estate firm with locations across the country. The company's full-service offerings cover the broad spectrum of leasing, management, development, construction and investment sales services. In addition, Stream specializes in sourcing investment opportunities for the firm and its clients. Since its formation in 1996, Stream has executed $2.7 billion of acquisitions and developments totaling 27 million square feet of office, industrial, data-center and retail properties. Stream currently leases and/or manages over 130 million square feet across the nation, including 17 million square feet of owned properties. Visit www.streamrealty.com.

About Related Fund Management

Related Fund Management, is a subsidiary of Related Companies. Related Companies is one of the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Abu Dhabi, Sao Paulo and Shanghai and boasts a team of approximately 2,500 professionals. The Company’s existing portfolio of real estate assets, valued at over $30 billion, is made up of best-in-class mixed-use, residential, retail, office and affordable properties in premier high-barrier-to-entry markets. Related has developed preeminent mixed-use projects such as Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 28-acre Hudson Yards project on Manhattan’s west side.

Related Fund Management is staffed by seasoned professionals and has raised over $4 billion of capital for the platform across three areas: opportunistic real estate investments, origination and acquisition of debt, and multi-family housing opportunities. For more information about Related Fund Management please visit www.related.com.

About HFF

HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

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