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2/24/20
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A 260k sf office complex at 1960 E. Grand Ave in El Segundo was acquired by an undisclosed institutional investor. The price was not disclosed.
1960 E. Grand Ave consists of two parcels totaling 5.4 acres, which house a 12-story office building plus development potential to build up to 94k sf of creative office or hotel space. The 79%-leased building features 21.5k sf floorplates, expansive window lines, parking for 926 vehicles, a fitness deck, communal outdoor work space and an upgraded plaza.
Positioned in El Segundo’s superblock, 1960 E. Grand Ave is surrounded by an abundance of Fortune 500 companies as well as a wealth of amenities in Downtown El Segundo, Manhattan Village and The Point. Additionally, the property is two blocks east of the Metro Green Line and has excellent transit accessibility to LAX, just north of the property.
Tom Bohlinger, Andrew Harper and Will Poulse with JLL Capital Markets team represented the seller in the deal.
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