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.
 |
| Eric Lastition |
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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