The Real Deal Los Angeles

$43M sale of El Segundo warehouse tied to America’s richest doctor

Records show buyer is connected to Patrick Soon-Shiong
By Natalie Hoberman | January 24, 2018 04:00PM

Patrick Soon-Shiong and 202 N. Nash Street in El Segundo (Credit: Wikimedia Commons, Google Maps)

Local apparel manufacturer Dynasty Footwear sold its industrial warehouse at 202 North Nash Street in El Segundo for $43 million, The Real Deal has learned. While the drab property isn’t unique, the entity buying the site, 202 Nash LLC, appears to be directly connected to billionaire Patrick Soon-Shiong.

Corporate registration documents show the 202 Nash LLC is controlled by two individuals, Charles Kenworthy and Steve Hassan. Kenworthy is executive vice president of corporate strategy at NantWorks, the biotechnology company that physician Soon-Shiong founded.

The LLC’s corporate address is listed as 9922 Jefferson Boulevard in Culver City, according to filings. It is the same address as the Chan Soon-Shiong Family Foundation, a nonprofit founded by Soon-Shiong and his wife, former actress Michele Chan. It’s also next door to NantWorks’ headquarters, which is located at 9920 Jefferson Boulevard, on the same lot.

That property lot is owned by Jefferson XIII LLC, which is controlled by the same individuals, Kenworthy and Hassan, who control 202 Nash LLC.

Hassan, who is not an employee of NantWorks, declined to comment. Kenworthy did not return calls for comment, and attempts to anyone from NantWorks or the El Segundo-based Dynasty Footwear were unsuccessful.

Forbes listed Soon-Shiong’s net worth at $8 billion as of this month, making him one of the richest men in Los Angeles.

NantWorks made headlines in June when it acquired a majority stake in Integrity Healthcare, and became an operator of six major hospitals in California.