Xebec Realty Partners Inc. has started work on what brokers said is the largest single industrial project to break ground in the South Bay since 2007, a $50-million complex in Torrance.
The development will consist of two buildings totaling 436,000 square feet. One of the buildings, which will be 173,000 square feet, is being sold to an unidentified buyer, according to broker John Schumacher of CBRE Group Inc.
The second, larger building, a warehouse, is being built on speculation, Schumacher said.
The development, called the Xebec Commerce Center-Torrance, is scheduled for completion by the end of the year at 500 Crenshaw Blvd. Xebec hopes to achieve a platinum rating for environmental sustainability from the U.S. Green Building Council.