South Bay Shines as Employment Magnet Hub

The South Bay continues to be active as companies recognize the area’s strong employment base, amenities and premier location, says a JLL broker involved in a recent acquisition here. Hawkwood Ventures purchased Linq, a 50,000-square-foot creative office campus consisting of two one-story buildings in Redondo Beach for $24 million.

Developed in 1964 and renovated in 2016, Linq features private tenant entrances and a wraparound boardwalk as well as new power, landscaping, lobby, restrooms and monument signage. Its location at 2400 Marine Ave. is near the I-405 freeway and recently expanded Metrolink. Linq is 100 percent leased to multiple tenants.

JLL’s Steve Solomon, Kristen Bowman and Andrew Harper represented the seller, EverWest Real Estate Investors, in the transaction. The buyer represented itself. Solomon and Bowman have been retained by the new owner to market the campus for lease. This is the second time the brokers have handled the sale of this property in the past three years, having sold the building to EverWest in December 2017.

“While the COVID pandemic has slowed office investment and leasing activity, investors and tenants are still moving on well-located properties with strong fundamentals to achieve their goals,” said Solomon.

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