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California  + Los Angeles  + Office  | 
Newmark Arranges $27M Sale of El Segundo Creative Office Building

El Segundo Creative Office Building Sells for $27M

BLT Enterprises has purchased a two-story, 49,000-square-foot office building on Hawaii Street in El Segundo, CA. Newmark arranged the $27 million transaction, representing the seller, Montana Avenue Capital Partners.

“The South Bay, and El Segundo in particular, continues to be where many LA investors want to invest post-COVID,” said Newmark’s Sean Fulp, who facilitated the deal along with Ryan Plummer, Mark Schuessler and Geoff Ludwig. “More so, the tenant’s credit and industry along with the building’s low-rise profile and creative interior generated very strong interest.”

The property is fully leased to Nexon America, Inc., and serves as the North American headquarters for Nexon Company, South Korea’s largest video game developer. 

BLT Enterprises Robert Solomon said, “BLT Enterprises has invested in El Segundo for over 20 years, and is thrilled to add this highly functional building to it’s three-million-square-foot Southern California portfolio.

Photo courtesy of Joe Chung Photography

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Inside The Story

BLT EnterprisesNewmark's Sean FulpMontana Avenue Capital PartnersNexon America

About Mark Nieto

Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.

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