Atlas Capital Group announced that online marketing and media company Prodege has signed a 35K SF office lease at 2030 East Maple in El Segundo. The office will function as the company’s new headquarters.
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Prodege relocated its headquarters from a high-rise office building in El Segundo to this single-story building on the 2030 Maple campus in the hopes of creating a “unique collaborative environment” for its employees.
JLL’s Steve Solomon and Kristen Bowman represented landlord Atlas Capital Group, in the lease, while David Toomey at Cresa represented Prodege.
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SALES
KP Airport Professional Center sold its Airport Professional Center campus in Irvine. The center is two creative office buildings, a total of 39.9K SF, within the Irvine Business Complex and adjacent to John Wayne International Airport. The center, which is 65% leased, sold to a private investor for an undisclosed amount. Cushman & Wakefield’s Jeff Cole, Ed Hernandez, Nico Napolitano and Brad Brandenburg represented the seller.
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Shopoff Realty Investments sold a 0.95-acre lot within its Uptown Newport master development, for $26.26M. USA Infrastructure Investments plans to develop a 66-unit luxury condo project.
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Harbor Associates in a joint venture with The Bascom Group has acquired Stewart Plaza, a 94.5K SF medical office campus in Upland for $10.25M. Stewart Plaza is currently 55% leased to both traditional and medical office tenants and located in an opportunity zone. CBRE’s Gary Stache, Sammy Cemo, Anthony DeLorenzo, Doug Mack and Bryan Johnson represented the seller, a private investor, in the transaction.
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FINANCING
George Smith Partners secured a $23.5M bridge loan to refinance existing construction debt for the recently completed Newhall Crossings, which contains 47 Class-A apartments over street-level retail. George Smith Partners principal and Managing Director Jonathan Lee and his team secured a 5.76% fixed rate for a one-year term with two six-month extensions.
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