L+R purchased the property in 2019 and plans on converting it to Class-A creative office space.
Consisting of three buildings totalling 200,000 sq ft situated on 6-acres, the properties are on the Pacific Coast Highway, near the Los Angeles International Airport (LAX) and El Segundo’s numerous aerospace and technology firms.
It is also close to the 120-acre Smoky Hollow area that El Segundo city officials rezoned in 2018 to attract creative and technology companies. The rezoning allows for nearly 3 million square feet of office, industrial, and public building space in this historically industrial area