Friday, May 10, 2013

Rockwood Capital and Marshall Property & Development Jointly Acquire Rhythm & Hues Campus in El Segundo, CA


                        

                    Former home of Rhythm & Hues Studios
                    El Segundo, CA

LOS ANGELES, CA, May 10, 2013 – Rockwood Capital and Marshall Property & Development announced today that they have acquired a three building, 200,000-square-foot office campus located in El Segundo, California, in an all cash transaction. Terms of the transaction were not disclosed.  The property is the former home of Rhythm & Hues Studios.

“For more than 30 years, this property has been flying below the radar—100% occupied by various owner/occupiers and quietly operating within the marketplace. 

"We will re-introduce the complex to the market with a fresh and relevant new look and feel,” says John MacDonald, Vice President of Acquisitions for Rockwood Capital.

“The Rhythm & Hues campus provides a unique value-added investment opportunity centrally located in the South Bay/West LA markets,” said Paul Marshall, President of Marshall Property & Development.  “The existing architecture and unique campus setting provide us with a great opportunity to create what today’s tenants are looking for - indoor and outdoor gathering areas which allow tenants to interact in a creative environment."

For a complete copy of the company’s news release, please contact:

David Ebeling
Ebeling Communications
(949) 861-8351
                       


No comments:

Post a Comment