Sares Regis Group has signed leases for 2 out of 3 buildings in Phase 1 of their 100+ acre Torrance Commerce Center in Torrance, CA. The tenants claiming these spaces will be WASH, a premier supplier of commercial laundry equipment and managed laundry services for the multifamily and hospitality industries, and Alpine Electronics, a manufacturer of electronic components for computer, communications, and car electronic equipment. JLL – Zac Sakowski and CBRE - John Schumacher represent Landlord in both transactions.
Sares Regis Group acquired the former Toyota’s Former North American Headquarters Campus from Toyota USA in October of 2017. Phase 1 of the Torrance Commerce Center development consists of three corporate headquarters industrial buildings ranging from 125,947 square feet to 146,709 square feet. Each building will have significant two story corporate office space. Sares Regis Group anticipates completion of Phase 1 by the end of the year 2019.
Larry Lukanish, Sr. Vice President of Development at Sares Regis Group, says, "We are very excited about the level of activity we have received during the construction of our first phase. The third building, that has not been leased, is 146,000 SF and will have 10,000 SF of two story corporate headquarters office space."
Sares Regis Group of Irvine, California, founded in 1993, is a privately held real estate development, investment and management firm that focuses on commercial properties and multifamily communities.