Fischer & Company Co-Brokers the Sale of 1.4 Million Square Feet in Century Business Center for $40 Million.
Fischer & Company represented Vought, a subsidiary of The Carlyle Group, five years ago in the sale of its 3 million square foot facility, Century Business Center in Hawthorne, California, to Kearny Real Estate Company and structured a lease back of nearly half of the site to Vought. In April, 2010, the 1.4 million square feet of industrial and manufacturing space being leased by Vought has been sold to Buchanan Street Partners and Zelman Development Company for $40 million. Representing Kearny in this latest transaction was Jeff Kernochan of Fischer & Company and Bill Palmer of the Palmer Team.
About Vought Aircraft Division
Today, Triumph Aerostructures - Vought Aircraft Division is a major subcontracting partner on many commercial and military aircraft programs. The company offers a full range of design, testing, manufacturing and support capabilities. Triumph Aerostructures - Vought Aircraft Division is positioned as a Tier I Integrator - filling the gap between prime contractors and traditional subcontractors by providing large, complex aerostructures on a turnkey basis.
About Kearny Real Estate Company
Kearny Real Estate Company founded in 1993 and headquartered in Los Angeles, is a partnership of experienced real estate professionals active in the acquisition, entitlement and land development, development, repositioning, distressed debt workouts, leasing, management and disposition of commercial projects in California.
About Fischer & Company
Founded in 1985, Fischer & Company is a leading corporate real estate firm with expertise in consulting, brokerage and technology solutions. We act as strategic advisors to our clients, offering unique transaction methodologies as well as ManagePath®, our proprietary technological platform. The integration of these services enables our clients to aggressively reduce real estate costs and maximize operational efficiencies. Services include portfolio management, strategic planning, acquisitions, dispositions, transaction and construction management, capital markets and sale-leasebacks. At Fischer, we focus on tenant representation, only advising and working with corporate real estate users. We never advise landlords and avoid any conflict of interest.
