Multifamily Moves: Koreatown’s Western Arms sold for $12.6 million.

Multifamily Moves: Koreatown’s Western Arms sold for $12.6 million.

T.A. Industries will move into the new site, located at 11130-11290 Bloomfield Ave., in the next few months. The value of the five-year lease was not disclosed.

Newmark Knight Frank’s John McMillan, Jeff Sanita and Greg Stumm represented the landlord, Newport Beach-based Alere Property Group while Colliers International Group Inc.’s Ken Coward represented T.A. Industries.

The new location will house the company’s headquarters and the combined distribution operations of its two current Santa Fe Springs facilities, both of which are roughly 100,000 square feet.

T.A. Industries also has operations in Houston; Jacksonville, Fla.; and North East, Md.

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Storage Facilities Site for Hawthorne

The South Bay city of Hawthorne is developing fast, and its residents and businesses need a place to store all their belongings.

Enter Scottsdale-based 1784 Capital Holdings, which paid $5.8 million for a 1.3-acre site in Hawthorne it plans to turn into a self-storage facility, the company announced Feb. 25.

Colliers International Group Inc.’s Jeff Smart and Grace Yi represented the seller, a private trust. The buyer represented itself.

The new Hawthorne Self Storage, located at 3155 W. El Segundo Blvd., will house 120,510 square feet of storage space. The site will include “climate-controlled loading areas, hotel-style lobbies, conference rooms and play areas,” according to Shane Albers, chairman and chief executive of 1784 Capital Holdings.

“We are committed to enhancing the Hawthorne community with much-needed, high quality self-storage services,” Albers said in a statement. “This neighborhood is undergoing a transition. ... We are excited to be part of the renewal.”

The project is expected to be completed during the first quarter of 2020.

Staff reporter Hannah Madans can be reached at hmadans@labusinessjournal.com or (323) 556-8337.

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