One of the buildings stands at 2300 E. Imperial Highway and has about 157,000 sf. The other is at 2101 E. El Segundo Blvd. and has roughly 113,000 sf. Both are fully leased to units of high-tech and defense giants Raytheon and Hughes Space & Communications.

The two buildings were sold by affiliates of Proficiency Capital, a privately held investment group based in Brentwood. The building on Imperial Highway stood vacant for several years after tenant North American Rockwell moved out in the early 1990s, but Proficiency Capital bought it in 1999 for only $9 million and then leased it to Hughes Space & Communications after completing a $10-million renovation.

Though Krausz is based in San Francisco, it has slowly been adding to its holdings in Southern California. Its purchase of the two El Segundo buildings come at a time when prices and rent growth in many Southland markets have weakened in lockstep with the regional economy.