Mar Canyon Gersten Plans Office Project

Torrance-based developer Mar Canyon Gersten acquired a 235,000-square-foot industrial property in Torrance for $9.5 million and plans to invest $16 million into converting the 10-acre site into a campus-style office project.

The site will include 165,000 square feet of office space when completed in 2002, said Stephen Cramer of Colliers Seeley International, who along with Colliers Seeley’s Mike Condon represented Mar Canyon and the seller, Honeywell International Inc.

The property at 2545 W. 190th St. has been occupied by Honeywell for 15 years as office and research and development space, Cramer said.

Withee Malcom Architects of Torrance is the architect for the project, and Swinerton Builders of Los Angeles is the general contractor.