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The Real Deal Los Angeles

Swift Real Estate starts $40M creative office repositioning of Flyte El Segundo office complex

Complex is next door the LA Times new offices, which is getting its own facelift
December 13, 2018 10:00AM

Swift Real Estate Partners CEO Christopher Peatross and a rendering of the post- renovation Flyte El Segundo complex (Credit: Swift Real Estate)

Swift Real Estate Partners has started its $40 million renovation and reposition of a 580,000-square-foot office complex in El Segundo.

The three-building Flyte El Segundo at 2200 E. Imperial Highway is getting a new plaza with space for outdoor dining, an amphitheater, shade covering, and space for food trucks, beloved by creative office tenants everywhere. The San Francisco-based firm tapped architect Ware Malcolm to take on the renovation.

The complex includes three buildings — two 11-story office towers and a 10-story building with offices and parking. It’s currently occupied by defense contractor Raytheon and telecoms giant AT&T.

Flyte El Segundo is next door to the Los Angeles Times’ new headquarters, abuzz with its own renovation and development work. The Times’ owner, Patrick Soon-Shiong is renovating the main seven-story newspaper building to create the “most modern newsroom” that can accommodate the paper for another century.

He’s also building the L.A. Times Center, a 100,000-square-foot multimedia and event space next door. The new building will include an e-sports competitive video game arena and the newspaper’s production studio. [Urbanize] – Dennis Lynch