New York investors buy Mattel design facility in El Segundo
An El Segundo office building occupied by Mattel Inc.’s Global Design Center was sold to New York investment firm Angelo, Gordon & Co. for $45 million.
Angelo, Gordon bought the 192,053-square-foot building at 2031 E. Mariposa Ave. from Los Angeles real estate investment trust Kilroy Realty Corp., property brokerage Jones Lang LaSalle said.
The site near Sepulveda Boulevard and the Century Freeway consists of nearly 10 acres on a flag-shaped lot. It was originally constructed in the 1950s as a distribution building and includes a sizable loading area and space for parking and trailer storage, the brokerage said.
Mattel has occupied the property for more than 21 years and has a lease extending through 2026. El Segundo is Mattel’s headquarters and the toy company occupies nearly 720,000 square feet in the area.
Angelo, Gordon outbid several other would-be investors, according to broker Bob Prendergast of Jones Lang La Salle.
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