LOS ANGELES-Tecolote Research is relocating its regional headquarters from Manhattan Beach to El Segundo. In this exclusive story, GlobeSt.com reports the company has completed a lease transaction with Rockwood Capital and Marshall Property & Development for a 22,626-square-foot office space at Campus 2100. 

El Segundo is one of the fastest growing office markets in Los Angeles and is known for attracting creative firms, according to Jason Fine, VP at Jones Lang LaSalle, who represented the tenant in the transaction. Although Tecolote Research isn't a creative industry, they still aim to benefit from a base in the South Bay. “They are very familiar with El Segundo and wanted to be closer to their business partners and clients,” Fine tells GlobeSt.com. “They wanted a new, creative campus environment, but their space is not all open. They have a private office configuration; however, this floor plate was more efficient and they have more areas for collaboration such as conference rooms and a new kitchen and lounge area.”

Located at 2120 E. Grand, the building is newly remodeled and features flexible floor plans. The property is currently about 65% vacant. CSC and Linquest are among the properties other tenants.

The El Segundo office market is tenacious. Not only are several companies relocating to the area, but it is also home to one of the largest office developments in Los Angeles. Currently under construction, elevon is a 15 building creative campus from a joint venture between Mar Ventures and Continental Development Corp. that will cater to both creative and non-creative industries.