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

Los Angeles /
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

arrow_forward_ios
Duke Realty's James Connor and 14724 Proctor Avenue in City of Industry (Google Maps, Duke Realty)
Duke Realty gets another 230K sf in City of Industry
Duke Realty gets another 230K sf in City of Industry
Westmont's Andy Plant and Westmont Village Westmont Living, iStock)
Senior community nixes industrial development for more residential
Senior community nixes industrial development for more residential
FivePoint Holdings' Dan Hedigan (Fivepoints, Ranch on the River)
FivePoint slashes workforce 29%, posts $37M loss
FivePoint slashes workforce 29%, posts $37M loss
Cedars-Sinai's Thomas Priselac and 3400 Lomita Boulevard (Cedars-Sinai, LoopNet)
Cedars-Sinai pays $70M for Torrance medical offices
Cedars-Sinai pays $70M for Torrance medical offices
IGP Business Group's Matt Ilbak and Moreno Valley Mall (IPG Business Group, Moreno Valley Mall)
Indoor mall in Moreno Valley up for mixed-use makeover
Indoor mall in Moreno Valley up for mixed-use makeover
Michael Shabani with 8400 Melrose Avenue (Google Maps, iStock) Gucci, Melrose
Gucci plans flagship at Melrose & Melrose
Gucci plans flagship at Melrose & Melrose
Argent Retail's Terence Bortnick (LinkedIn, iStock)
OC commercial brokerage Argent Retail Advisors files for bankruptcy
OC commercial brokerage Argent Retail Advisors files for bankruptcy
LuMar's Babak Nehoray with10756 W Wilkins Ave (Avvo, Labyrinth)
Developers plan five-story apartment building in place of single-family home in Westwood
Developers plan five-story apartment building in place of single-family home in Westwood
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...