Starwood Capital Group & Artisan Realty Advisors Acquire El Segundo Office Building For $127M

Located at 1960 East Grand Avenue in El Segundo, this office property was recently sold in a closed transaction. The transaction took place on February 20, 2020, with a sale price of $127,000,000. The property spans across 260,000 square feet and was sold at a price of $488 per square foot.

Summary of transation details

• Property Type: Office
• Transaction Amount: $127,000,000
• Address: 1960 East Grand Avenue
• Market: El Segundo
• Square Footage: 260,000
• Price per Square Foot: $488

The buyer in this transaction was Starwood Capital Group & Artisan Realty Advisors. On the other hand, the seller was Brookfield Asset Management. The deal was facilitated by several brokers, including Andrew Harper, Tom Bohlinger, Matthew McCroskey, and Will Poulsen from JLL, as well as Bill Bloodgood from Newmark Knight Frank.