X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEWPORT BEACH, CA-CT Realty, the locally based real estate development and investment firm, has begun construction on an $8 million redevelopment project in El Segundo.

The property housed a 41-year-old office and warehouse complex when it was purchased from Eaton Corp. for $4 million earlier this year. CT has razed the majority of the buildings, which encompassed 56,500 sf.

The new complex, known as Hawaii 601, will encompass 50,000 sf of class A office, creative, assembly or R&D space designed to attract entertainment, office and high tech tenants. The shell of the original main building will be incorporated into the new structure, which will be located at 601 Hawaii St. CT will upgrade the building with new mechanical, electrical and communications systems. Extensive landscaping, an outdoor seating area and a basketball court will also be added. The project is slated for a year-end completion.

San Clemente-based Carter Group Architects Inc. is the project’s architect and Costa Mesa-based Hedley Construction and Management Inc. is the general contractor. Craig Meyer and Steven Solomon of Colliers Seeley’s Santa Monica office are the leasing agents for the property.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.