Real estate developer Tishman Speyer today announced the purchase of a 12-story office building in El Segundo, Calif., for an undisclosed price.
Lowe Enterprises sold the property, Grand Avenue Courtyard, which is located at 1960 East Grand Ave. Lowe had owned it on behalf of an investment client since 2000.
The 20-year-old asset comprises 248,000 square feet and at the time of sale included as tenants ad agency Team One (a unit of Saatchi & Saatchi) and Air New Zealand.
Lowe Enterprises Senior Vice President Lynda Cook said in a press statement that Lowe sold the property to enhance its client’s investment returns.
You have {{data.cm.viewsLeft}} articles left this month.
This content is available to Inman Select subscribers.
Please select an option below.
Please register to access this content.
To continue viewing the content you love, please sign in or create a new account
You have used all of your free pageviews.
Please subscribe to access more content.
Access denied!