May 12, 2016 Comments Off on High Water Mark Reached with $300M El Segundo Buy? Views: 501 California, California News, Los Angeles, West

High Water Mark Reached with $300M El Segundo Buy?

Boston-based Intercontinental Real Estate Corp. acquired Apollo at Rosecrans, a four-building creative office campus in El Segundo, CA. Atlanta-based Invesco Real Estate and El Segundo, CA-based Second Street Ventures sold the asset for reportedly north of $300 million. The recently renovated property, totaling 546,833 square feet of office space on more than 13 acres on the Rosecrans Corridor, is 98% leased.

Intercontinental’s Jessica Levin says the El Segundo market is quickly emerging as one of the growing tech hubs and premier creative entertainment centers in Los Angeles. Onsite amenities include a basketball court, dog park, biking and walking trails, an outdoor fire place, and a parking structure, delivering a work-play lifestyle environment for employees.

Newmark Grubb Knight Frank’s Kevin Shannon, and CBRE’s Bob Healey and Grafton Tanquary represented the sellers in the transaction.

Read More at Intercontinental

Connect with Intercontinental’s Levin

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