9:30 AM
Newmark Grubb Knight Frank (NGKF) has completed the sale of a fully occupied 14,566-square-foot multi-tenant office/flex building in Inglewood, CA.
Executive Managing Director Ryan Harding of NGKF’s downtown Los Angeles office represented the buyer, wireless expense management firm, Wireless Watchdogs. The company plans to renovate a portion of the office space and use it for its corporate headquarters. The seller, Altemus Company, was self-represented.
Located at 317 South Isis Avenue, the two-story property was built in 1985. It is near the 405 Freeway and major thoroughfares of La Cienega and Manchester Blvd., strategically located on the border of Inglewood and El Segundo.
“This location was ideal for Wireless Watchdogs as it enables the company to capitalize on the growing interest in Inglewood since the announcement of the new stadium and the Rams coming to town,” said Harding. “Additionally, its location is central to a nearby and diverse talent pool for its workforce recruiting, as well as an added amenity base for current and future employees.”
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.