{"id":7397,"date":"2026-08-11T08:34:45","date_gmt":"2026-08-11T08:34:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/blog\/?p=7397"},"modified":"2026-08-11T08:36:08","modified_gmt":"2026-08-11T08:36:08","slug":"innocean-lease-el-segundo-office","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/blog\/innocean-lease-el-segundo-office\/","title":{"rendered":"Hyundai-Founded Agency Takes 101,000 Square Feet for El Segundo, Calif., Headquarters"},"content":{"rendered":"<p>Innocean USA has signed a 101,000-square-foot lease at 888 N. Douglas St. in El Segundo, Calif. The deal more than doubles the size of the advertising agency\u2019s U.S. headquarters and ranks among the largest South Bay office commitments of the year. Landlord Hackman Capital Partners represented itself. Terms were not disclosed.<\/p>\n<p>Innocean will consolidate nearly 600 employees currently spread across several buildings in Huntington Beach, Calif., where it has occupied a total of roughly 50,000 square feet since 2009. Construction is anticipated to conclude in 2027 with part of the floor area operating as a production facility for commercials and other content. JLL\u2019s Jason Fine, Jeff Ingham and Mitch Lundquist represented Innocean USA, the American arm of Innocean Worldwide, which was created by Hyundai Motor Group.<\/p>\n<blockquote><p><em>\u201cThis move is about creating the right environment for our next chapter,\u201d said Steve Jun, CEO of Innocean USA.<\/em><\/p><\/blockquote>\n<p>Beyond Meat gave up a nearly identical block in the same building last month and appears to be the exiting tenant. On July 31, the plant-based food company entered into a fifth amendment to its campus lease, surrendering approximately 101,612 rentable square feet and keeping 118,907, according to a subsequent-events disclosure in its most recent quarterly filing. The amendment ties the end of its rent obligation on the surrendered space to the start of a new lease with a new tenant. <a href=\"https:\/\/www.commercialcafe.com\/blog\/beyond-meat-280ksf-lease-el-segundo-office\/\" target=\"_blank\" rel=\"noopener\">Beyond Meat\u2019s original 2021 lease<\/a> at the property covered roughly 282,000 square feet.<\/p>\n<p>The building \u2014 constructed in 1930 with 50-foot ceilings and sawtooth skylights \u2014 was used in World War II to assemble Douglas Aircraft dive bomber aircraft. Hackman Capital Partners bought the former Northrop Grumman complex roughly a decade ago and finished a conversion costing more than $100 million in 2021. L\u2019Or\u00e9al USA took more than 100,000 square feet there the same year, and defense tenants have followed since, among them hypersonic aircraft developer Hermeus.<\/p>\n<p>The wider Los Angeles market has held up better than the national picture. Vacancy for <a href=\"https:\/\/www.commercialcafe.com\/office\/us\/ca\/los-angeles\/\" target=\"_blank\" rel=\"noopener\">Los Angeles office space<\/a> averaged 14.4% in June against a national rate of 17.7%, according to Yardi research data, with Phoenix at 16.5% (the only other large Western U.S. market below 19%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Innocean USA has signed a 101,000-square-foot lease at 888 N. Douglas St. in El Segundo, Calif. The deal more than doubles the size of the advertising agency\u2019s U.S. headquarters and ranks among the largest South Bay office commitments of the year. Landlord Hackman Capital Partners represented itself. Terms were not disclosed. Innocean will consolidate nearly 600 employees currently spread across several buildings in Huntington Beach, Calif., where it has occupied a total of roughly 50,000 square feet since 2009. Construction is anticipated to conclude in 2027 with part of the floor area operating as a production facility for commercials and&#8230;<\/p>\n","protected":false},"author":3163,"featured_media":7398,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-7397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-office-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Innocean Signs 101 KSF El Segundo Office Lease<\/title>\n<meta name=\"description\" content=\"Innocean USA leased 101,000 square feet at 888 N. 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