The property asset involved in this transaction is an office space located at 101 Continental Boulevard in El Segundo, California. It features a total square footage of 95,000. This asset is positioned in a competitive market, showcasing renovated Class A office spaces, specifically highlighting a significant $40 million upgrade invested in 101 Continental.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 101 Continental Boulevard
• Market: El Segundo
• Asset Size: 95,000 SF
• Landlord: James O. Buckingham - TA Realty
• Tenant: Greg Ahearn - The Toy Association
• Landlord's Representatives: Matt Montgomery & Paul Marshall - Marshall Property & Development; Quint Carroll & Tom Sheets - CBRE
• Tenant's Representatives: Bill Bloodgood & John Ollen - Newmark

The Toy Association executed a lease for its West Coast showroom, creative workspace, and semi-annual convention headquarters at this location. This deal marks the largest office lease in El Segundo's South Bay submarket for 2024, emphasizing the strong demand for high-quality office spaces in the area.