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TA Realty Acquires El Segundo Office Tower From VEREIT Inc. For $138.5M

101 Continental Boulevard
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This Office property located in CA was sold for $138,500,000 almost 5 years ago. The brokers of the deal were Michael Moll, Kevin Shannon, Rob Hannan, Laura Stumm, and Ken White

TA Realty has acquired an office tower located at 101 Continental Blvd in El Segundo. The property, spanning 340,000 square feet, was sold by VEREIT Inc for a price of $138,500,000, resulting in a price per square foot of $407.

Summary of transation details

  • Property Type: Office Tower
  • Transaction Amount: $138,500,000
  • Address: 101 Continental Blvd
  • Market: El Segundo

The deal was facilitated by brokers Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, and Michael Moll from Newmark Knight Frank.

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Deals
  • Location
    101 Continental Blvd, El Segundo, CA, USA101 Continental Blvd, El Segundo, CA, USA
  • Sale Price
    $138,500,000$138,500,000
    $407 PPSF$407 PPSF
  • Area
    340,000 SF340,000 SF
  • Asset Type
    OfficeOffice
  • Parties
    5 Brokers, 1 Agency5 Brokers, 1 Agency

Agents

Michael Moll

Michael Moll

Deals5
Sold$291.5M

Rob Hannan

Rob Hannan

Deals22
Financed$1.4B

Laura Stumm

Laura Stumm

Deals23
Financed$1.4B

Kevin Shannon

Kevin Shannon

Deals79
Financed$4.9B

Ken White

Ken White

Deals58
Financed$3.6B

Agency

Newmark

Newmark

Agency
Deals3894
Volume$397.4B

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Deal Summary

SALE IMAGE: Mike Moll, Ken White and Kevin Shannon DATE: 05/01/2019 ADDRESS: 101 Continental Blvd MARKET: El Segundo ASSET TYPE: Office Tower BUYER: TA Realty SELLER: VEREIT Inc BROKERS: Kevin Shannon, Ken White, Rob Hannan, Laura Stumm and Michael Moll @newmarkkf PRICE: $138,500,000 SF: 340,000 ~ PPSF: $407

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101 Continental Boulevard

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