Done Deals: HFF closes sale of 101 North Sepulveda Boulevard in El Segundo, CA

Thursday, June 13, 2013

HFF closes sale of 101 North Sepulveda Boulevard in El Segundo, CA

101 North Sepulveda office building, El Segundo, CA

Michael Ross

LOS ANGELES, CA – HFF announced today that it closed the sale of 101 North Sepulveda, a 198,532-square-foot office building in El Segundo, California.

HFF marketed 101 North Sepulveda on behalf of a global investment manager. The buyer, Menlo Equities, purchased the property for an undisclosed amount.

Paul Brindley

Located near the intersection of Pacific Coast Highway, 101 North Sepulveda is less than two miles south of Los Angeles International Airport, two miles from the Pacific Ocean and near the Interstate 105/405 interchange.

The three-story building is 89 percent leased to Federal Express and International Rectifier and also includes a 734-space subterranean parking garage.

Richard Plummer

The HFF investment sales team representing the seller was led by senior managing directors Michael Ross, Paul Brindley and Richard Plummer and director Andrew Harper. Eric Lastition, senior executive vice president of Colliers International, assisted as the leasing expert.

Andrew T. Harper

Founded in 1994 by Henry Bullock and Rick Holmstrom and headquartered in Palo Alto, California, Menlo Equities is a vertically integrated commercial real estate company engaged in the acquisition, development and operation of properties in select technology markets in the western United States.

Since its founding, Menlo Equities has acquired or developed more than 80 properties for a total cost of approximately $2.2 billion, and has developed and built more than 3.2 million square feet of high-profile office, R&D and engineering commercial real estate.