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The Real Deal Los Angeles

Deutsche drops $117M on El Segundo’s high-tech Campus 2100

Chicken of the Sea distributor recently moved in
By Dennis Lynch | December 13, 2017 05:00PM

Deutsche Asset and Wealth Management purchased the high-tech Campus 2100 complex in El Segundo for $117.1 million, the deal’s broker announced Wednesday.

The sale of the 204,000-square-foot campus by Rockwood Capital and Marshal Property and Development came out to $575 per square foot, according to NKF Capital Markets.

The Class A campus, redesigned by HLW International, is 94 percent occupied. Its most recent tenant is frozen food distributor Thai Union North America, the makers of the Chicken of the Sea brand of canned tuna. The company moved there in late September from the Pacific Corporate Towers just down the road on Sepulveda Boulevard and consolidated its San Diego office into Campus 2100.

The Real Deal learned a week after the move that Starwood Capital Group was in contract to buy the three-building Pacific Corporate Towers complex in a bid brokers said came in at more than $600 million.