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Share via Shortlink CEO and President of EverWest Rick Stone and Founding Partner of Frontal Trust Andrés Echeverría with an interior of Linq on Marine. (EverWest, Frontal Trust, Linq)
EverWest Real Estate Investors and Frontal Trust sold an industrial-to-office conversion in Redondo Beach. Hawkwood Ventures paid $24 million for the 50,000-square-foot property at 2400 Marine Avenue, according to Commercial Observer. The property, dubbed LINQ, is fully leased to tenants including Uber. The ride-share company rents 10,000 square feet there. EverWest and Frontal bought the property from Montana Avenue Capital Partners for $17.9 million in 2017. The latter converted the former industrial property into a creative office. Amazon was also a tenant at the time of the sale. ....