Project By Continental Development, Mar Ventures to Include 15 Smaller Collaborative For-Sale Buildings In El Segundo, CA
Years ago, Los Angeles brokers would be incredulous at the prospect of a developer attempting to build speculative office space
in El Segundo to compete for tenants with toney nearby Santa Monica and other Westside L.A. office hotspots.
However, a partnership of Continental Development Corp. and Mar Ventures, Inc. believes it has hit on a winning formula for such a project: a total of 15 smaller buildings offering creative space for sale rather than for lease. The buildings, with sizes ranging from 8,000 to 27,000 square feet, will add up to 210,000 square feet plus 13,500 square feet of dining and retail space
The project dubbed Elevon will begin construction next month on 46.5 acres of the Campus El Segundo mixed-use development. Elevon will includes units available as small as 2,000 square feet and build to suit sites ranging from 50,000 to 750,000 square feet.
Completion is planned for fourth-quarter 2014. Jones Lang LaSalle Los Angeles team members Steve Solomon and Carl Muhlstein will market the build-to-suit opportunities, while CBRE team members Bill Bloodgood and Bob Healey will oversee building sales.
The project "will provide companies the rare opportunity to take full control over their own space in the new El Segundo," said Solomon. "The region continues to transform into a hub for creativity and innovation."
Less than a block from the 405 and 105 freeways, Elevon has direct access to the neighboring South Bay and West Los Angeles communities. Providing consummate "industrial style" open and creative work spaces, the buildings feature roll-up doors, operable windows, private patios and concrete floors, with high ceiling heights providing abundant natural light.
Common areas will include Wi-Fi, outdoor collaborative work spaces, a bocce ball court, covered meeting areas, an outdoor kitchen and lounge areas with a fireplace, water feature, a dog park, ample seating and space for private thought and/or large gatherings, plus dining, shopping and business services.
The buildings have standing seam metal roofs which fold down to create building walls, with varied roof lines, wood elements, and large glass openings. All elements are fluid and malleable, creating a work environment that complements the imagination.