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April 19, 2019
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Vacant Office Property in El Segundo Sells for $564/sf

4/10/19

A 55k sf office building in El Segundo traded hands in an off-market deal valued at $31 mil, or $564/sf. The property, located at 2221 Park Place, just north of Rosecrans Ave between Sepulveda Blvd and the 405 Fwy, was delivered vacant.

Bob Safai, Matt Case, and Brad Schlaak with Madison Partners represented the seller, 2221 PPA LLC, in the transaction. Geoff Ludwig with Colliers International repped the buyer, Powerscourt Partners LLC.




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