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Varda Space Industries Leases 205443 SF Industrial Campus At 2031 E Mariposa Ave El Segundo

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LEASED
Will Bruey
Michael Woods
BH

California

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Industrial205,443 SF
Leased
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Property Image
LEASED

Varda Space Industries Leases 205443 SF Industrial Campus At 2031 E Mariposa Ave El Segundo

2031 East Mariposa Avenue

See Similar Deals
Industrial205,443 SF
Leased
Will Bruey
Michael Woods
BH
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:205443 SF
Transaction Type:Lease

An industrial campus consisting of 205,443 square feet was leased at 2031 East Mariposa Avenue in El Segundo. This property was previously utilized as a research and development facility by Mattel.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: Not disclosed
  • Address: 2031 East Mariposa Avenue
  • Market: El Segundo
  • Landlord: Michael Woods - GPI Companies
  • Tenant: Will Bruey - Varda Space Industries
  • Brokers: Bob Haley - CBRE

The deal enables Varda Space Industries to enhance its spacecraft manufacturing capabilities linked to its pharmaceutical processing business conducted in orbit. This initiative follows missions executed with SpaceX Falcon 9 rockets and establishes a three-building complex, as the company plans to increase production up to the year 2028.

Players

Michael Woods
GPI Companies
Michael Woods
1 deal
BROKER
BH
CBRE
Bob Haley
1 deal
BROKER
Michael Woods
GPI Companies
Michael Woods
1 deal
LANDLORD
Will Bruey
Varda Space Industries
Will Bruey
1 deal
TENANT

Details

LEASED
IMAGE: Michael Woods & Will Bruey DATE: 03/04/2026 ADDRESS: 2031 East Mariposa Avenue MARKET: El Segundo ASSET TYPE: Industrial ~ SF: 205,443 LANDLORD: Michael Woods - GPI Companies TENANT: Will Bruey - Varda Space Industries BROKERS: Bob Haley - CBRE (@CBRE) NOTE: Varda Space Industries leased a 205,443-square-foot industrial campus at 2031 E. Mariposa Ave. in El Segundo — formerly a Mattel R&D facility — to scale spacecraft manufacturing tied to its in-orbit pharmaceutical processing business. The expansion builds on missions launched via SpaceX Falcon 9 rockets and will anchor a three-building campus as the company ramps up production through 2028.

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Deal Type
Effective Rent (Annual)

$11,775,868.79

Total Lease Value

$117,758,687.87

Net Landlord Cash Flow$11,775,868.79