BLT Enterprises Renews Nexon America Lease For 49,307 SF Office Space In El Segundo For $15M

The property involved in this lease transaction is located at 621 Hawaii Street in El Segundo, representing an office asset with a total square footage of 49,307 SF. The lease has a term of 6.5 years and is valued at approximately $15 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $15 million
• Lease Term: 6.5 years
• Landlord: BLT Enterprises
• Tenant: Nexon America
• Landlord's Representative: Steve Solomon & Kristen Bowman - Colliers
• Tenant's Representative: Greg Lovett - Cushman & Wakefield

Colliers, represented by Steve Solomon and Kristen Bowman, successfully secured a lease extension for Nexon America, confirming the company's commitment to the office space through 2033. This lease renewal highlights the performance of El Segundo’s adaptive-reuse office market relative to neighboring submarkets.