EL SEGUNDO, CA-An Indonesian investment group has acquired a 157,000-square-foot, seven-story class A office building at 2300 E. Imperial Highway for $25.3 million. The building is 100% occupied by the digital television provider Directv.
The seller, a financial services firm, was represented by the Cushman & Wakefield brokerage team of executive managing director of capital markets Marc D. Renard, together with Manfred Schaub, Michael Roberts and Chris Sinfield. The Indonesian buyer was V.C.I. Corp.
The 2300 E. Imperial building was originally built in 1964 and underwent a $10 million renovation in 2000 including a complete re-do of the exterior fa
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