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.

***

What’s your opinion? Send your Letter to the Editor to opinion@inman.com.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Time is running out to secure your Connect Now tickets at the lowest price. Don't miss out on a chance to grow yourself and your business.Learn More×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription