To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionBoston Properties forms JV with Continental Development
Boston Properties (BXP) has acquired a 50 percent interest in an existing joint venture, Continental Development Corp., that owns Beach Cities Media Campus, a 6.4-acre site on the Rosecrans Corridor in the El Segundo submarket of Los Angeles
The site is fully entitled to support the future development of approximately 275,000 square feet of class A creative office space.
El Segundo continues to gain a foothold as a preferred location for both young professionals and executives and is located in close proximity to the desirable beach cities of Manhattan, Hermosa and Redondo as well as the Palos Verdes peninsula. The Beach Cities Media Campus is located on Rosecrans Avenue in El Segundo, one of the most in-demand creative office, restaurant and retail nodes in the South Bay of Los Angeles — and minutes from Los Angeles International Airport (LAX) and five miles from the soon to open SoFi Stadium, a 298-acre world class sports and entertainment destination. The Media Ca
