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LOS ANGELES — DivcoWest has acquired the Continental Grand Plaza, a 483,000-square-foot office complex in the Los Angeles submarket of El Segundo, for an undisclosed sum. The two-building, Class A complex is located at 300-400 Continental Blvd., less than 3 miles from Los Angeles International Airport.
DivcoWest recently purchased Gateway El Segundo, a five building office and retail portfolio just a block from Continental Grand, this past April. The privately owned real estate investment firm believes this area is “becoming a key Los Angeles growth market for media and technology-related companies,” according to its transaction announcement.