Former American Shower Door Building Sells for $18.65 Million

Torrance, CA – June 12, 2012 – (RealEstateRama) — The 60,000-square-foot industrial building at 3401 Exposition Blvd., in Santa Monica, was sold for $18.65 million to Watt Investments. The sale and purchase of the building, which currently includes production companies was brokered by Lee & Associates West Los Angeles. Centinela Studios, LP was the seller.

“There’s a lot of history in this building,” said Patrick Ayau of Lee West L.A., noting that the building is 100 percent occupied and is near the 10 Freeway and a future Metro Rail stop. “Not only was it the former home to American Shower Door, but its history included Spelling Entertainment of popular TV shows like Beverly Hills 90210 and Melrose Place as one of its tenants and who used it for production. The filming of the popular television series House was also done there.

According to Ayau, the owner plans to redevelop the building into creative offices. Boto Design Architects, a Santa Monica-based architectural firm that specializes in adaptive re-use of industrial buildings to creative office, commercial and post-production projects, is the firm that will design the space. That work is scheduled to begin in the 4th quarter.

About Lee & Associates
Celebrating 33 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in the nation, with 46 locations across the nation including California, Arizona, Florida, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, New Jersey, New York, Nevada, South Carolina, Texas and Wisconsin. With a roster of more than 700 expert brokers, Lee & Associates provides a wide range of specialized commercial real estate services. Additional information is available at www.lee-associates.com.