Tishman Makes a Major Creative Office Move


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The property is a single-story, low-rise building.

EL SEGUNDO, CA—Tishman Speyer has purchased a 260,000-square-foot, single-story property in El Segundo, CA, with plans to renovate the building into a creative office space. The name of the seller and the transaction details were not disclosed, however sources unrelated to the deal tell that private investor Larry Worchell sold the property to Tishman for $45 million.

Located at 555 Aviation Blvd. in the South Bay, the single-story and low-rise property is a rare find and perfect for a creative office conversion. “Physically the property is very unique,” Mark Laderman, regional managing director at Tishman Speyer, tells “It is a single-story, 260,000-square-foot building with abnormally large ceiling heights, so it is essentially one big box with a lot of volume. That provides us the opportunity to basically carve up the building in different ways and do different things to it that I think will ultimately be very appealing to creative types of users. The ability to have that much square footage on a single floor is very uncommon. Traditionally office buildings are multistory, but the type of tenant that we are going after loves the low-rise, single-story, high-volume space. Those types of tenants crave that space, and it is very unique in Los Angeles to get that type of square footage under one story.”…

Tishman Makes a Major Creative Office Move

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