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EL SEGUNDO, CA—AEW North America has acquired a 198,531-square-foot office property in El Segundo from Menlo Equities, a private Palo Alto-based investor, for $51.6 million. AEW plans to renovate and reposition the property into a creative office campus to attract the tech and media tenants migrating to the area. The investor purchased the property in a joint venture with Claymark Capital and Lincoln Property Co.

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