Lincoln Property acquires Los Angeles area office campus.
BANKING AND CREDIT NEWS-November 29, 2016-Lincoln Property acquires Los Angeles area office campus
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Lincoln Property has partnered with an affiliate of Rockwood Capital, LLC to purchase Gateway El Segundo, a 355,000-square-foot office campus in the LA area, the company said.
The campus includes 3, three-story Class B office buildings, two single-story retail buildings and outdoor meeting spaces in the heart of El Segundo's commercial district. The office buildings are currently 52 percent leased, and the retail space is fully leased to six fast casual and quick-service restaurant tenants.
The venture plans a multi-million dollar renovation of Gateway El Segundo to transform the property into a top-tier creative office campus.
Lincoln Property Company is a privately-owned real estate firm involved in real estate investment, development, property management, and leasing worldwide. Lincoln has offices in all major markets of the US and throughout Europe.
Rockwood Capital, LLC is a real estate investment management firm that provides equity capital combined with real estate operating expertise for repositioning, recapitalization, development, and redevelopment of retail, hotel, residential, office, and research and development space in key markets throughout the United States.
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