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The Real Deal Los Angeles

Rockwood Capital is shopping El Segundo office

The three-building complex is geared towards creative firms
September 12, 2017 05:30PM

Campus 2100 with Rockwood Capital executive Walter P. Schmidt (KSA Design Studio)

The owners of a renovated office complex in El Segundo are looking for investors.

Rockwood Capital and its joint venture partner Marshall Property listed a 204,000-square-foot property at 2100-2150 East Grand Avenue in El Segundo, REAlert.com reported.

New York-based Rockwood and Newport Beach-based Marshall acquired the complex, dubbed Campus 2100, in 2013 for $25 million and then spent an extra $25 million on renovations, according to REAlert.

Campus 2100 is 94 percent leased. Its largest tenant is online marketing firm Wpromote, which holds 33,000 square feet of Class A space.

Bids for the site are expected to circle around $115 million, or $564 per square foot, according to REAlert.

Newmark Grubb Knight Frank has the listing.

Rockwood, an 82-person enterprise with offices in Seoul, South Korea, Century City, and San Francisco, specializes in equity capital, repositioning and developing properties. The company made headlines in January when its “Real Estate Partners Fund X” closed $1.1 billion in capital commitments. [REAlert] – Natalie Hoberman