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Thomas Properties to Build on Former Rockwell Site

LOS ANGELES, CA-The City Council approved a purchase of five acres at the Corporate Campus. The $5-million sale was a savings of approximately $4 million over a prior independent appraisal of the land.

By Peter Landau | Updated on January 03, 2002

EL SEGUNDO, CA-The El Segundo City Council yesterday approved plans to transform the vacant 46-acre El Segundo Corporate Campus into a landscaped corporate area. The decision was prompted by Thomas Properties Group’s detailed Environmental Impact Report on the site, which has remained dormant for over 10 years.

The Corporate Campus will include soccer fields, provide a site for a new fire station and daycare facility and is expected to generate millions of dollars per year in new tax revenues with new businesses. The campus will pay millions of dollars in traffic improvements and will benefit from direct access to the 105 Freeway, the Green Line Station and other forms of public transit.

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