Hawkwood Ventures Acquires Office From Steven Solomon In Redondo Beach For $24M

The office asset located at 2400 Marine Ave in Redondo Beach, CA, known as Linq, has been sold for $24 million. Developed in 1964 and renovated in 2018, the property features two buildings totaling 50,000 square feet of office space. Key features of the office campus include private tenant entrances, glass roll-up doors, skylights, a wrap-around boardwalk, as well as new power, landscaping, lobby, restrooms, and signage.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $24,000,000.00
• Address: 2400 Marine Ave, Redondo Beach, CA
• Market: Redondo Beach

Representing the seller in this transaction were Steven (Steve) Solomon, Kristen Bowman, and Andrew Harper of JLL. On the buyer's side was Hawkwood Ventures, who purchased the fully leased office campus. It is noteworthy that the buyer was self-represented in the deal.