Broadreach builds SoCal office portfolio
Buys space from global communications co.
By Inman News, Tuesday, July 19, 2005.Broadreach Capital Partners LLC has acquired a 122,000-square-foot, four-story office building in El Segundo, Calif.
The value of the transaction was approximately $19.6 million.
BT Infonet, a subsidiary of British Telecom (BT), sold the property and plans to lease back between 15,000 and 32,000 square feet of space for 10 years.
The building is located at 2151 Grand Ave.
The project represents Broadreach's sixth acquisition in Southern California over the past 12 months.
Broadreach Capital Partners LLC is a real estate private equity firm with locations in Palo Alto, Calif., and Los Angeles.
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