Montana Avenue Capital Partners Divests of Creative Office Building in El Segundo for $27.3M

by Amy Works

EL SEGUNDO, CALIF. — Montana Avenue Capital Partners has completed the sale of 621 Hawaii Street, a two-story creative office building in El Segundo. BLT Enterprises acquired the asset for $27.3 million.

Sean Fulp, Ryan Plummer, Mark Schuessler and Geoff Ludwig of Newmark’s private capital group represented the seller in the deal.

At the time of sale, the property was 100 percent leased to Nexon America. The building serves as the North American headquarters of Nexon Co. Ltd., the parent company, which is South Korea’s largest video game developer and publicly traded in Japan.

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