101 Pacific Coast Highway, El Segundo, CA

  • Graymark Capital sourced this 206,024 square foot Class A Office building in El Segundo, one of LA’s strongest submarkets, for a major global investment manager with $130 billion of assets under management.
  • 91% leased with 67% leased to Infineon (S&P:BBB) through 2027. The property serves as Infineon’s U.S. headquarters
  • In place rents are 26% below market
  • Prior ownership invested approximately $20 million into the project, including new TI’s, exterior and lobby renovation, building system upgrades and executive suites on the 3rd floor
  • 50% of the project has creative or modern office improvements with the remainder primarily open office or lab space
  • El Segundo’s 7.1% year over year rent growth is the highest in Los Angeles
  • Demand drivers include close proximity to executive housing in the Beach Cities, West LA, Downtown and South LA, and limited large block availability in West LA which has pushed tenants further South into the El Segundo market
  • El Segundo is home to a variety of business including the LA Lakers, Infineon, AT&T, EVA Airways, the LA Times, Saatchi & Saatchi, Quest Nutrition, and Just Fab
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