Major R&D campus coming to El Segundo amid influx of new tech firms

The redevelopment will add 200K sf of space and 400 parking spaces

Feb.February 28, 2018 01:00 PM
A rendering of the redeveloped El Segundo property (Credit: Segal Commercial)

A large research and development facility is coming to an industrial site in El Segundo, an area that has seen an influx of real estate investment as it attracts an increasing number of tech companies.

LIMO Company signed an agreement with Smoky Hollow Industries LLC to redevelop a large industrial site near Sepulveda and El Segundo boulevards, adding up to 200,000 square feet of space and a 400-vehicle parking garage, according to Urbanize.

Neither LIMO nor Smoky Hollow Industries could be reached for comment.

Renderings suggest that some of the four buildings on site — situated between Oregon and Kansas streets — would be repurposed and others would be razed. They were built between the 1950s and 1970s. The site is now home to a bicycle manufacturer, an aviation equipment supplier, and is the headquarters of Beyond Meat, a company that manufactures plant-based imitation beef products.

In El Segundo, some developers are scooping up property to redevelop, turning them into sought-after Class A office space.

The R&D campus site is not far from the Pacific Corporate Towers and Continental & Grand office tower complexes, which Starwood Capital purchased last year for $605 million and $174 million respectively. [Urbanize] — Dennis Lynch

Related Articles

Architect Simon Park and a rendering of the project (Credit: SSPSTUDIO ARCHITECTURE & URBAN DESIGN)

Boyle Heights slated for another mixed-use project

Monica Rodriguez orchestrated the nixing of a residential project set for the Verdugo Hills Golf Course (Credit: Google Maps, Wikipedia)

The threat of fire doomed this Tujunga resi project. Now the developer will sue

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Soon-Shiong beside his latest El Segundo buy

Patrick Soon-Shiong makes another landgrab in El Segundo

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office