Infonet Pays $33 Million for New El Segundo Digs

Infonet Services Corp. purchased its newly built corporate headquarters in El Segundo from Los Angeles-based Kearny Real Estate Co., an affiliate of Morgan Stanley Real Estate Funds, for $33 million, according to a Kearny announcement.

The 156,000-square-foot, three-story building at Grand Avenue and Nash Street is part of a 23-acre master-planned development known as the Super Block and was developed by Kearny as a build-to-suit for Infonet, Kearny Vice President Greg Galusha said.

Infonet, which provides customized global communications systems, relocated from its facilities next door to its new headquarters in November after signing a long-term lease for the property. Both buyer and seller represented themselves in the sale.