Newmark Arranges Sale of 97,125-SF Mixed-Use Medical Office and Retail Center in Torrance, California

September 3, 2025 9:00 AM

Newmark announces the Company has arranged the lease-hold sale of Madison Park, a 97,125-square-foot mixed-use medical office and neighborhood retail center located at 3445, 3511 & 3525 Pacific Coast Highway in Torrance, California.

Newmark Co-Head, U.S. Capital Markets Kevin Shannon, Vice Chairman Ken White and Senior Managing Director Scott Schumacher represented the seller. The buyer was KLM Madison, LLC.

The property, which includes a three-story, 50,524-square-foot medical office building and two single-story retail buildings totaling 46,601 square feet, was 87% leased at the time of sale, with twenty-three tenants in occupancy having a combined weighted average remaining lease term of 4.25 years. The major project medical tenants include UCLA Health, Coast Surgery Center, Pacific Endo-Surgical Center and the major retail tenants include Thrive Pet Healthcare, China Buffet Restaurant and MyGym children’s fitness.

“The site offers significant leasing and development upside with the potential to add additional retail pads fronting Pacific Coast Highway” said Shannon. “With the excellent visibility and traffic volume along PCH, the project has historically performed very well in servicing the retail needs of both south Torrance and the Palos Verdes Peninsula. Madison Park is also home to a diverse group of medical office users who directly benefit from the property’s close proximity to nearby Torrance Memorial Medical Center”.

Newmark Vice Chairman Bill Bauman, Senior Managing Director Steve McDonald and Executive Managing Director Eric Lastition assisted in the marketing process, along with Managing Director Brian Bowis, who assisted with debt underwriting.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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