{"id":1004129667,"date":"2015-10-20T05:23:34","date_gmt":"2015-10-20T13:23:34","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004129667"},"modified":"2022-03-03T02:05:12","modified_gmt":"2022-03-03T10:05:12","slug":"creative-office-demand-drives-silicon-beach-office-deal","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/creative-office-demand-drives-silicon-beach-office-deal\/","title":{"rendered":"Creative Office Demand Drives Silicon Beach Office Deal"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p>Partnering with <a href=\"https:\/\/www.macpartnersllc.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Montana Avenue Capital Partners<\/a>, Roxborough Fund I completed the acquisition of an El Segundo office building for an undisclosed amount. This is the venture\u2019s first ever purchase, and the two entities aim to reposition the building and bring it to the standard that has become expected of creative office properties in the submarket known recently as Silicon Beach. Demand is quickly driving developers to get as much upscale creative office space to the submarket as they can.<\/p>\n<div id=\"attachment_1004129668\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/1700-East-Walnut-Ave.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004129668\" data-attachment-id=\"1004129668\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/creative-office-demand-drives-silicon-beach-office-deal\/1700-east-walnut-ave\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/1700-East-Walnut-Ave.png\" data-orig-size=\"782,524\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1700 East Walnut Ave\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;1700 East Walnut Ave&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/1700-East-Walnut-Ave.png?w=782\" loading=\"lazy\" class=\"size-medium wp-image-1004129668\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/1700-East-Walnut-Ave.png\" alt=\"1700 East Walnut Ave\" width=\"300\" height=\"201\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/1700-East-Walnut-Ave.png 782w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/1700-East-Walnut-Ave.png?resize=300,201 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/1700-East-Walnut-Ave.png?resize=768,515 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004129668\" class=\"wp-caption-text\">1700 East Walnut Ave<\/p><\/div>\n<p>Located at 1700 East Walnut Ave. in El Segundo, the office property acquired by the partnership offers a total of 119,484 square feet of space. The six-story asset is currently operating at just one\u00a0percent vacancy, well below the area\u2019s average.<\/p>\n<p>MAC and the <a href=\"https:\/\/www.theroxboroughgroup.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Roxborough Group<\/a> affiliate are planning a number of improvements for the office property. The renovation process will include cosmetic upgrades to the exterior, a full renovation of the building\u2019s lobby and entrance, improved signage, as well as redesigned amenities. MAC\u2019s track record includes the repositioning of other assets such as The Station at 2201 E. El Segundo, The Landing at 2040 Mariposa and linq at 2400 Marine. These projects will inform the partnership\u2019s work at 1700 East Walnut Ave.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Joint venture acquires El Segundo office building near LAX.<\/p>\n","protected":false},"author":41,"featured_media":1004129668,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1594,21742,21747],"tags":[],"class_list":["post-1004129667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-los-angeles","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Creative Office Demand Drives Silicon Beach Office Deal - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/creative-office-demand-drives-silicon-beach-office-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Creative Office Demand Drives Silicon Beach Office Deal\" \/>\n<meta property=\"og:description\" content=\"Joint venture acquires El Segundo office building near LAX.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/creative-office-demand-drives-silicon-beach-office-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-20T13:23:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-03T10:05:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/1700-East-Walnut-Ave.png\" \/>\n\t<meta property=\"og:image:width\" content=\"782\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/creative-office-demand-drives-silicon-beach-office-deal\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/creative-office-demand-drives-silicon-beach-office-deal\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Creative Office Demand Drives Silicon Beach Office Deal\",\"datePublished\":\"2015-10-20T13:23:34+00:00\",\"dateModified\":\"2022-03-03T10:05:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/creative-office-demand-drives-silicon-beach-office-deal\\\/\"},\"wordCount\":224,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/creative-office-demand-drives-silicon-beach-office-deal\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/10\\\/1700-East-Walnut-Ave.png\",\"articleSection\":[\"Investment\",\"Los Angeles\",\"News\",\"Office\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/creative-office-demand-drives-silicon-beach-office-deal\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/creative-office-demand-drives-silicon-beach-office-deal\\\/\",\"name\":\"Creative Office Demand Drives Silicon Beach Office Deal - 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