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How Class-A Office Fares in a Beach Town

SEAL BEACH, CA—Seal Beach is a highly insulated office market with close proximity to major employment centers in Los Angeles and Orange County and has great freeway visibility, ensuring its popularity, Parallel’s Matt Root tells GlobeSt.com EXCLUSIVELY.

Matt Root Root: “When you amalgamate a highly desirable location and high-quality tenant experience with extremely high barriers to new construction and strong economic growth, the result is significant declines in vacancy rates and upward pressure on rental rates.”

SEAL BEACH, CA—Seal Beach is a highly insulated office market with close proximity to major employment centers in Los Angeles and Orange County and has great freeway visibility, ensuring its popularity, Parallel Capital Partners’ CEO Matt Root tells GlobeSt.com. As we recently reported, the firm has secured $48.5 million from Pacific Western Bank to refinance the newly rebranded the Ranch at Seal Beach, as well as completed lease transactions at the class-A office property valued in excess of $20 million. We spoke exclusively with Root about why the property has been so successful, as well as the appeal of Seal Beach office market.

GlobeSt.com: How would you characterize the office market in Seal Beach?

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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