LOS ANGELES, CA, Oct. 5, 2011 – Jones Lang LaSalle has been awarded the leasing for an 119,626-square-foot office building located at 1700 E. Walnut Ave (top left photo). in El Segundo, Calif.
The building was acquired earlier in the year by Admiral Capital Real Estate Fund, a newly launched partnership between USAA Real Estate Company and Admiral Capital Group formed by NBA Hall of Famer, philanthropist and 1987 U.S Naval Academy graduate David Robinson (middle right photo) and Managing Partner Dan Bassichis (lower left photo).
Leading the leasing efforts for the premier property are Jones Lang LaSalle Managing Directors Steve Solomon and Chris Strickfaden and Vice President Eric Adams.
“Jones Lang LaSalle was selected for this assignment because of its senior brokerage team’s deep understanding of the South Bay office market,” said Adams. “1700 E. Walnut is ideal for companies looking for abundant nearby amenities and a stable owner.”
1700 E. Walnut is conveniently located near Los Angeles International Airport and has immediate access to the I-405 and I-105 Freeways.
It is walking distance El Segundo's main street retail area filled with quaint shopping and a multitude of restaurants. It is also minutes from the Pacific Ocean and the popular beach communities of Marina del Ray, Manhattan Beach and Hermosa Beach.
1700 E Walnut is 90 percent leased and anchored by the Transportation Security Administration, which currently leases nearly one-third of the six story building. Other major tenants include market research firm iSuppli Corp and Otis Art Institute.
For further information, please visit our website, http://www.joneslanglasalle.com/.
Contact: David Ebeling, Ebeling Communications, (p) 949.861.8351
(c) 949.278.7851, david@ebelingcomm.com
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