CBRE Announces 68,000 Square Foot Lease at Creative Office Property in El Segundo, CA for $33 Million

29 Nov 2018

ascendpost

Nation-Wide Radiology Practice Will Use the Location as its New Headquarters Space

Los Angeles, CA – CBRE announced a 68,000-square foot lease at creative office project, Ascend, in El Segundo, CA to Radiology Partners, the largest physician-owned and physician-led radiology practice in the nation.

Jacob Bobek of CBRE represented the tenant, which will be using the location as its new headquarters space. The landlord, NSB Associates, a real estate development and investment firm, was represented by Blake Searles of JLL.

Located at 2330 Utah Avenue, Ascend is part of the Utah Avenue Campus, a six-building office complex at the heart of El Segundo’s Utah Tract. The building is an 80,000-square foot creative office project with a highly customizable design and future-focused space. Ascend features 24’ clear height ceilings, abundant light and private outdoor collaboration space.

“It’s no secret that demand for creative office space in El Segundo has been increasing over the years,” said Bobek. “The Ascend Campus is one of the best new buildings on the market.” Bobek added “This is a great opportunity for Radiology Partners. It’s easily customizable space fits the needs for its new corporate headquarters.”

El Segundo is home to more Fortune 500 companies than any other city in Southern California. It is a thriving hub for creative, media and tech-related companies due to its accessibility and highly desirable location. The South Bay’s overall asking lease rate was up 16.6% year over year, according to CBRE research. 
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.