City officials, in discussions leading up to the acquisition ofthe property, have noted that Torrance had a transit center foryears until the center at Del Amo Fashion Center closed a few yearsago. The new location has the added advantage of being close torail lines if the MTA rail system is extended to Torrance in thefuture, officials have said.

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Taugner, David Prior and Frank Schulz of Klabin represented thecity, which bought the land from PPG Industries, a Pittsburgh-basedsupplier of paints and coatings that formerly operated a plant onthe site. PPG was represented by Dave Stromath of CB RichardEllis.

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Mary Giordano, assistant city manager of Torrance, said thatcity officials hope that the five acres designated for the transitcenter will ultimately be the destination for a future MTA SouthBay Green Line extension to Torrance. “This was acritical property for us because we’ve been looking for asite to be considered for a new regional transit center for nearlyfive years," Giordano said. During the due diligence phase of siteacquisition, the extension of the Green Line to Torrance wasapproved by the MTA to advance in environmental review, Giordanonoted.

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The two chief advantages of the property are its CrenshawBoulevard location and a rail line that runs its entire route,Giordano said. She notes that Torrance hopes to create a regionaltransit, for which the city will seek federal funding fordevelopment. Ultimately the center will include passengeramenities, a bus parking area and up to 500 park-and-ride parkingspaces. The city's goal is to be under way on the project in early2011.

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