- Metro Properties, Inc. is pleased to announce that we have acquired Pacific Plaza, a retail shopping center in Torrance California consisting of 23,438 rentable square feet. The property is located on the intersection of Crenshaw Blvd and Sepulveda Blvd., a main thoroughfare of Torrance that is traveled by over 100,000 vehicles a day providing the center with maximize visibility. Pacific Plaza will benefit from the immediate implementation of our proven value-add strategy which will create value for the tenants, investors and all stakeholders of the center.
- Metro Properties, LLC is pleased to announce the successful disposition of Metro Centre located at 3333 S. Brea Canyon Road, Diamond Bar, CA. The 40,000 square feet two story garden office building was Metro’s first investment dating back to 1997. The property was a strong performer over the 17+ years of ownership. We received an offer 20% over market from an investor whose business plan is to sell the individual suites to Chinese investors. The partners of 3333 S. Brea Canyon Road are exchanging into Pacific Plaza Shopping Center in Torrance
About Metro Properties, LLC:
Metro Properties, LLC is a real estate investment firm based in Santa Monica, CA that focuses on the acquisition, development and property management of office and retail properties located in the Western United States. For information, call (310) 829-1223, or visit our website: www.metroproperties.net