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The Real Deal Los Angeles

WeWork expands in LA, moving into El Segundo’s Pacific Corporate Tower

The decision comes as El Segundo looks to attract creative office tenants
June 08, 2018 12:00PM

Pacific Corporate Tower, Adam Neumann (Credit: Duggan and Associates, Forbes)

El Segundo is looking to position itself as a tech-friendly business hub attract and WeWork appears always ready to expand. Seems like a good match.

The co-working giant will occupy three floors, or roughly 75,000 square feet, at the Pacific Corporate Towers in El Segundo by fall, the Los Angeles Business Journal reported. It marks the 17th Los Angeles location for WeWork.

The company’s new space, at 222 N. Sepulveda Boulevard, will accommodate up to 1,300 people. It will include the standard amenities, such as a communal working space and kitchen.

The company already has locations in Santa Monica, Downtown, Burbank, Long Beach, Playa Vista, among others.

In April, El Segundo unveiled a plan to transform 120 acres of an industrial area into a more welcoming space for creative office tenants and the tech industry.

The new WeWork outpost in El Segundo is owned by Starwood Capital Group, which paid more than $600 million for the three-building complex in November. The sellers of the 1.59 million-square-foot site were BlackRock and General Motors Pension Trust.

WeWork will join co-working firm Cross Campus in the South Bay city. Cross Campus recently opened its fourth location in Continental Development’s redeveloped office complex at 840 Apollo Street. [LABJ] — Natalie Hoberman