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Thai Union North America Leases 33085 Square Feet From Marshall Property & Development In El Segundo

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LEASED

California

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Office33,085 SF
Leased 09/29/2017
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Property Image
LEASED

Thai Union North America Leases 33085 Square Feet From Marshall Property & Development In El Segundo

2150 E Grand Ave, El Segundo, CA, 90...

See Similar Deals
Office33,085 SF
Leased 09/29/2017
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:33,085 SF
Transaction Type:Lease

A joint venture of Rockwood Capital and Marshall Property & Development has leased a 33,085-square-foot Class A creative office building located at 2150 E Grand Ave, El Segundo, CA, to Thai Union North America. The property is situated in the El Segundo market and is part of Campus 2100. Thai Union North America is set to relocate its two Southern California offices into this single-story building.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 2150 E Grand Ave, El Segundo, CA
  • Market: El Segundo
  • Landlord: Marshall Property & Development
  • Tenant: Thai Union North America
  • Landlord's Representative: Chris Sinfield, Cushman & Wakefield
  • Tenant's Representative: Travers Cresa
  • Square Feet: 33,085
  • Occupancy Rate After Transaction: 94%
  • Lease Commencement: Fourth quarter of this year

Chris Sinfield and Tom Sheets, executive directors of Cushman & Wakefield, represented the landlord in this transaction, where Thai Union North America signed a long-term lease for the office space. This transaction marks a significant step in consolidating the tenant's operations in Southern California into a single location.

Players

Chris Sinfield
3 deals$106M volume
BROKER

Tom Sheets
CBRE
5 deals$81.1M volume(310) 363-4943
BROKER

LANDLORD

Details

LEASED
IMAGE: 2150 E Grand Ave, El Segundo, CA, 90... MARKET: El Segundo LANDLORD'S REP: Chris Sinfield(Cushman & Wakefield) TENANT: Thai Union North America LANDLORD: Marshall Property & Development SQUARE FEET: 33085

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Deal Type
Effective Rent (Annual)

$1,896,412.24

Total Lease Value

$18,964,122.35

Net Landlord Cash Flow$1,896,412.24