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For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. <span class=\"lt-line-clamp__raw-line\">As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in <em>Angeleno</em>, <em>Los Angeles Magazine</em>, <em>Travel and Leisure</em> and more. </span></div>","imageLarge":"https://secure.gravatar.com/avatar/d1cf3040549a3fc95ed852953b27ac30?s=136&d=mm&r=g","webUrl":"/author/profile/kelsi-maree-borland/"}],"publication":"Globe Street","kicker":"","kickerNode":[],"prettyDate":"December 02, 2019","pubDate":"2019-12-02 04:00:47:000","modifiedDate":"","isDownload":"false","primaryCategory":{"channelName":"","sectionName":"","name":"","uri":"","slug":"","channelUri":""},"tags":["Eric Lastition","Geoff Ludwig","Griffin Capital Essential Asset REIT","Ken White","Kevin Shannon","Laura Stumm","Michael Moll","NKF","Rob Hannan","SteelWave"],"image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/311/2019/12/Screen-Shot-2019-12-01-at-9.13.37-PM.png","width":"616","height":"372","alt":""},"embed1":"","embed2":"","summary":"Griffin Capital Essential Asset REIT sells a class-A, 151,289-square-foot, three-story office building.","categories":[],"allCategories":[{"sectionName":"Los Angeles","channelName":"GlobeSt Market"},{"sectionName":"Office","channelName":"Globest Sectors"},{"sectionName":"Capital Markets","channelName":"Globest Topics"},{"sectionName":"West","channelName":"Region"}],"bodyArray":["<p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\"><strong><a href=\"https://images.globest.com/contrib/content/uploads/sites/311/2019/12/Screen-Shot-2019-12-01-at-9.13.37-PM.png\"> <img class=\"aligncenter size-full wp-image-13936\" src=\"https://images.globest.com/contrib/content/uploads/sites/311/2019/12/Screen-Shot-2019-12-01-at-9.13.37-PM.png\" alt=\"\" width=\"616\" height=\"372\"/></a>Griffin Capital Essential Asset REIT</strong> has sold a class-A, 151,289-square-foot, three-story office building in El Segundo to <strong>SteelWave</strong> for $63.5 million or $420 per square foot. Griffin had acquired the asset in February 2014 for $52.7 million.</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\">Built in 1999 and situated on 6.45 acres, the office building open floorplates and15-foot ceiling heights, which make it a candidate for creative office redevelopment. 2160 Grand is located adjacent to the Metro Green Line and offers immediate access to the 105 and 405 freeways.</p> <p xmlns:i=\"incisive-repository\" xmlns=\"http://www.w3.org/1999/xhtml\"><strong>NKF</strong>'s co-head of U.S. Capital Markets <strong>Kevin Shannon</strong>, executive managing directors <strong>Ken White</strong> and <strong>Rob Hannan</strong>, and senior managing directors <strong>Laura Stumm</strong> and <strong>Michael Moll</strong> represented the seller. NKF executive managing directors <strong>Eric Lastition</strong> and <strong>Geoff Ludwig</strong> served as local market experts. 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