By Sean Spear
Over the last several years, commercial real estate owners and operators learned quickly that workplaces required character, dynamism, functionality and vibe in order for business tenants to successfully recruit and retain top talent. No longer are office properties merely stale shells where team members sit at desks Monday through Friday churning out paperwork. Today’s modern office environment offers employees robust amenities, aesthetic energy and collaborative workspaces. The Torrance in the South Bay of Los Angeles has certainly mastered this concept!
In the Fall of 2017, Related Funds Management (owner) and Cruzan (operator), purchased 21250 Hawthorne Blvd in Torrance, recognizing the potential of the 310K square foot project. Since then, they have dramatically transformed the asset into an amazing office building with ample amenities and a variety of workspaces to suit any kind of tenant!
The South Bay boasts thriving municipalities such as Palos Verdes Estates, Manhattan Beach and El Segundo, and Cruzan believed Torrance would be the next city to capitalize on the solid fundamentals. Reimagining The Torrance required taking the property to the next level by enhancing the tenant experience through a “food, fitness and fun” approach.
Re-energizing the building began with a refresh of lobbies, corridors and signage. Cruzan integrated tenant-friendly offerings, including a state-of-the-art fitness center with resort-style locker rooms, and an onsite café operated by Steelhead Coffee.
The Torrance provides modern fitness equipment, along with meditation and yoga sessions!
The Torrance offers custom space designs with a mix of open concept and private offices. Activated break rooms also provide space for team members to gather and socialize.
The Torrance is home to a diverse roster of tenants including technology companies, law firms, financial organizations and professional services. Later this year, Salon Republic will join the tenant mix in a lively 22,000 square foot space on the ground floor. Cruzan tailors the setting to the tenant with an emphasis on collaboration, usability, energy and engagement.
Within the South Bay, Cruzan has positioned The Torrance as a best-in-class office property, and we can’t wait to track this asset over the years. Congratulations to Related Fund Management and Cruzan for creating an interactive, inviting and fun environment for tenants of all kinds!
Sean Spear is an associate vice president with Hughes Marino, an award-winning commercial real estate company specializing in tenant representation and building purchases with offices across the nation. Contact Sean at 1-844-662-6635 or firstname.lastname@example.org to learn more.