{"id":1004546653,"date":"2021-01-18T08:30:00","date_gmt":"2021-01-18T16:30:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004546653"},"modified":"2022-12-07T22:32:38","modified_gmt":"2022-12-08T06:32:38","slug":"beyond-meat-inks-281-ksf-lease-in-los-angeles","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/","title":{"rendered":"Beyond Meat Inks 281 KSF Lease in Los Angeles"},"content":{"rendered":"<div id=\"attachment_1004546654\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004546654\" data-attachment-id=\"1004546654\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/888-n-douglas-st-image-courtesy-of-gensler-hackman-capital-partners\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/888-N.-Douglas-St.-Image-courtesy-of-Gensler-Hackman-Capital-Partners.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" 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;1&quot;}\" data-image-title=\"888 N. Douglas St. Image courtesy of Gensler\/Hackman Capital Partners\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;888 N. Douglas St. Image courtesy of Gensler\/Hackman Capital Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/888-N.-Douglas-St.-Image-courtesy-of-Gensler-Hackman-Capital-Partners.jpg?w=800\" class=\"size-medium wp-image-1004546654\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/888-N.-Douglas-St.-Image-courtesy-of-Gensler-Hackman-Capital-Partners.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/888-N.-Douglas-St.-Image-courtesy-of-Gensler-Hackman-Capital-Partners.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/888-N.-Douglas-St.-Image-courtesy-of-Gensler-Hackman-Capital-Partners.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/888-N.-Douglas-St.-Image-courtesy-of-Gensler-Hackman-Capital-Partners.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><p id=\"caption-attachment-1004546654\" class=\"wp-caption-text\">888 N. Douglas St. Image courtesy of Gensler\/Hackman Capital Partners<\/p><\/div>\n<p>Beyond Meat has signed a new 281,110-square-foot lease at a 390,000-square-foot office property in El Segundo, Calif. The contract spells out a 12-year term with two five-year renewal options and 3 percent annual rent increases after the initial term. The agreement has an estimated value of more than $178 million, according to the <em>Los Angeles Times<\/em>.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.cpexecutive.com\/post\/survey-office-demand-resilient-amid-stress\/\">Survey: Office Demand Resilient Amid Stress<\/a><\/p>\n<hr>\n<p>The owner, Hackman Capital Partners acquired the property in 2016, when Northrop Grumman sold it for $81.5 million, according to public records. The site encompasses three warehouses built in 1929 and 1955 that the owner is redeveloping. In January 2020, Deutsche Bank provided a $190 million financing package for the project, CommercialEdge data shows. Construction for the tenant\u2019s new space is expected to wrap up this spring.<\/p>\n<h2>Larger space, more employees<\/h2>\n<p>The building, located at 888 N. Douglas St., will serve Beyond Meat as a modern global headquarters and a plant-based research center. The new office will be delivered in three phases, with a tenant improvement allocation of $100 per rentable square foot of each phase. The company expects to triple or even quadruple its research staff.<\/p>\n<p>Situated close to Interstate 105, the property is within 2 miles of LAX and 18 miles southwest of downtown Los Angeles. Additionally, the site is within 3 miles of the firm\u2019s current headquarters, a 13,090-square-foot property at 119 Standard St.<\/p>\n<p>DPPM Project Management is overseeing the development and Gensler is the project&#8217;s architect. JLL Managing Directors Gary Horwitz, Blake Searles and Kamil Agha, along with Vice President Connor Hall assisted the tenant. CBRE and Newmark negotiated on behalf of the landlord.<\/p>\n<p>Last November, Dr. Patrick Soon-Shiong selected JLL <a href=\"https:\/\/www.cpexecutive.com\/post\/jll-to-lease-reposition-los-angeles-medical-campus\/\">to lease and reposition<\/a> the 674,000-square-foot St. Vincent Medical Center complex in Los Angeles. The 391,000-square-foot property is the city\u2019s first hospital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Valued at $178 million, the lease involves the makeover of a vintage industrial property.<\/p>\n","protected":false},"author":867,"featured_media":1004546654,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1594,21742,21747],"tags":[32789,32791,33012,33897,32796,50999],"class_list":["post-1004546653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-los-angeles","category-latest","category-office","tag-cbre","tag-deutsche-bank","tag-gensler","tag-hackman-capital-partners","tag-jll","tag-newmark"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Beyond Meat Inks 281 KSF Lease in Los Angeles - 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\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beyond Meat Inks 281 KSF Lease in Los Angeles\" \/>\n<meta property=\"og:description\" content=\"Valued at $178 million, the lease involves the makeover of a vintage industrial property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/\" \/>\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=\"2021-01-18T16:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T06:32:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/888-N.-Douglas-St.-Image-courtesy-of-Gensler-Hackman-Capital-Partners.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/\",\"name\":\"Beyond Meat Inks 281 KSF Lease in Los Angeles - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/888-N.-Douglas-St.-Image-courtesy-of-Gensler-Hackman-Capital-Partners.jpg\",\"datePublished\":\"2021-01-18T16:30:00+00:00\",\"dateModified\":\"2022-12-08T06:32:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/caac04e9f88552f7c898ba456c2498d8\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/beyond-meat-inks-281-ksf-lease-in-los-angeles\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/888-N.-Douglas-St.-Image-courtesy-of-Gensler-Hackman-Capital-Partners.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/888-N.-Douglas-St.-Image-courtesy-of-Gensler-Hackman-Capital-Partners.jpg\",\"width\":800,\"height\":620,\"caption\":\"888 N. 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