Hackman’s Big Investment in El Segundo

Brent Iloulian is the general counsel for Hackman Capital Partners.

LOS ANGELES—Hackman Capital Partners is joining the creative office revolution in El Segundo. The investor has acquired a 23-acre land site with four existing buildings in El Segundo, an emerging creative office market that is a perfect fit for the investor’s infill strategy. Hackman will redevelop the existing 550,000-square-foot industrial properties into a creative office, and the site has the potential to develop another 1.3 million square feet of creative office. The property was part of a larger 84-acre complex, owned by Northrop Grumman, which will continue to own and operate the remaining portion of the property. El Segundo has become a prime location for creative office development in the past few years, supplying an option to tenants that have been priced out of adjacent markets. To find out why this was a good opportunity for the investor, how it plans to compete with other developments in the market and about its general redevelopment strategy for projects like this, we sat down with Brent Iloulian, general counsel for Hackman Capital Partners, for an exclusive interview.

GlobeSt.com: What is your vision for this project?