LOS ANGELES-A 107,000-square-foot multi-tenant office building in El Segundo, CA has just changed hands, GlobeSt.com has exclusively learned. Newport Beach, CA-based Peregrine Realty Partners purchased the six-story building that is 100% leased.
Tenants at the building include the Aerospace Corp., Lockheed Martin, Honeywell, and Orbital Sciences. According to Peregrine, the property has “prominent identity” adjacent to the Los Angeles Air Force Base.
“The purchase of 2401 E. El Segundo Blvd. is an excellent opportunity for Peregrine to own a high quality asset with an excellent tenant roster that features very little near term rollover,” explains Ryan Smith, principal at Peregrine Realty Partners.
Smith tells GlobeSt.com that the seller could not be disclosed at this time. According to public records, in 2008, TA Realty was the buyer of the property for $24.5 million from Investment Development Services Inc.
The seller was represented by HFF and Colliers.
2401 E. El Segundo Boulevard is the eighth acquisition by Peregrine Realty Partners in
Southern California in the past 18 months, and puts Peregrine at over $100 million in acquisitions in the past 12 months.
In July, as GlobeSt.com reported, Peregrine recently purchased two class-A office properties totaling 153,029 square feet from an unnamed institutional owner for $28.5 million. 500 North Central Ave. and 501 North Orange St. in Glendale, CA represented the firm’s first venture into the Los Angeles County market, since most of the firm’s properties are located in San Diego County, principal Smith previously told GlobeSt.com.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
