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SteelWave Acquires El Segundo Office Building For $63.5M

2160 Grand Avenue
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This Office property located in CA was sold for $63,500,000 over 4 years ago. The brokers of the deal were Michael Moll, Kevin Shannon, Rob Hannan, Laura Stumm, and Ken White

The office property located at 2160 Grand Ave in El Segundo has been sold in a transaction worth $63,500,000. Spanning across 152,000 square feet, this property was sold at a price of $420 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $63,500,000
  • Address: 2160 Grand Ave
  • Market: El Segundo

The seller of the property was Griffin Capital Essential REIT Inc., represented by Kevin A. Shields. On the other hand, the buyer was SteelWave, with Barry DiRaimondo as their representative. The deal was facilitated by the brokers Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, and Michael Moll from Newmark Knight Frank.

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Deals
  • Location
    2160 East Grand Avenue, El Segundo, CA, USA2160 East Grand Avenue, El Segundo, CA, USA
  • Sale Price
    $63,500,000$63,500,000
    $417 PPSF$417 PPSF
  • Area
    152,000 SF152,000 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: Barry DiRaimondo, Michael Moll, Ken White, Kevin Shannon & Kevin A. Shields DATE: 11/27/2019 ADDRESS: 2160 Grand Ave MARKET: El Segundo ASSET TYPE: Office PRICE: $63,500,000 SF: 152,000 PPSF: $420 SELLER: Griffin Capital Essential REIT Inc. - Kevin A. Shields BUYER: SteelWave - Barry DiRaimondo BROKERS: Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, Michael Moll - Newmark Knight Frank

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2160 Grand Avenue

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