Mattel Leases 60000 Square Feet Office Space From Continental Development In El Segundo

The asset involved in this transaction is an office space located at 831 South Douglas Street in El Segundo. It encompasses 60,000 square feet and is part of Continental Park. The property is managed by Continental Development, which provides an environment suitable for corporate operations.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 831 South Douglas Street
• Market: El Segundo
• Landlord: Continental Development
• Tenant: David Traughber - Mattel
• Brokers: Brett Racanelli, Michael Condon & Nathan Piehl - Cushman & Wakefield

This lease transaction marks Mattel's expansion of its studio operations as it prepares to relocate from its current office by next year. The deal follows Mattel's recent $59 million acquisition of the neighboring Grand + Nash campus, indicating a strategic move to enhance its local presence following the success of the “Barbie” movie.