Kearny South Bay Business Park is a 42-acre complex at 190th and Figueroa Street that comprises 13 low- and mid-rise office, light industrial and R&D buildings totaling 700,000 square-feet that falls within the City of Los Angeles and Carson. The campus was acquired by the Kearny-led partnership in October 2006 from Nissan North America after the automaker, which had been headquarteredat the site for more than 40 years, moved its operations andmore than 1,300 jobs to Nashville.
In repositioning the property, the Kearny-Morgan Stanley partnership converted the single-user campus to 13 upgraded stand-alone buildings. The 13 buildings sold for an aggregate price of just over $92 million.
Once Kaiser takes full occupancy of the final building,the campus is expected to employ more people than were previously working for Nissan. The Kearny-led partnership was represented in the transaction by John Ayoob of CB Richard Ellis. Kaiser Foundation was represented by Steve Solomon of Jones Lang LaSalle.
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