Cushman

The GSA didn’t list a price for the courthouse, but commercial property broker Mike Condon Jr. of Cushman & Wakefield estimated that it could sell for about $60 million.

The category has been growing since mandatory shutdowns and changing shopping patterns caused by COVID-19 led shopping center owners to change their mix of tenants, said Barrie Scardina, president of retail services in the Americas for real estate brokerage Cushman & Wakefield.

“A reimagination of obsolete and underutilized assets is necessary and inevitable,” Ryan Miller, a managing principal at Cushman & Wakefield, said in an email.

“Historically, the South Bay industrial real estate market has been extremely tight and this will allow a ton of new inventory and capacity that should help the market by providing more warehouse and distribution space around the port,” said real estate broker Mike Condon Jr. of Cushman & Wakefield, who helped manage the process of selecting a development partner for Phillips 66.

In 1967, an unlikely American duo of Charlie Cushman, a hitchhiker, and Herbert “Skip” Cole, a postgraduate student, were sent around the country by the antiquities department, to gather up some of the heritage.