Kearny developed this corporate headquarters project as a build-to-suit for lease for Infonet Services Corporation. After completion, Infonet exercised its purchase option and bought the project in March 2000 for $35 million.
Infonet Services Corporation new global headquarters is located at the southwest corner of Grand Avenue and Nash Street in El Segundo. The project is a 156,704 square foot office build-to-suit on 6.5 acres. The three story, braced frame building combines a flexirock ribbonwall and a glass curtain wall exterior. Unique construction characteristics include methane gas protection, raised floor air, power and data plenum throughout the building, movable walls and furniture, a data center, seismic upgrades, a full service kitchen, FM200 fire supression, and redundant systems such as dual communications feeds, and a diesel generator.
The Infonet build-to-suit lease was the lead project for Kearny’s Grand Avenue Corporate Center. The transaction was structured as a collaborative build-to-suit in which Kearny and Infonet negotiated the land price and development fees up front, while the lease rate was determined as a negotiated return on costs based on final project costs. In this manner, both Kearny and Infonet worked as partners to design, develop and value engineer the development project. The project was completed on-time and on budget.
“One of our best business decisions was to choose Kearny Real Estate Company to develop our facility. They were creative and flexible in offering us options as to how to work together as a team in a transaction structured as a preleased build-to-suit with an option to purchase. Kearny completed our Headquarters on time and on budget. We found the Kearny team to be diligent, responsive, professional, and easy to work with.”
- Richard T. O’Reilly, Senior Director, Corporate Administrative Service, Infonet
Architect: Nadel Architects
Contractor: Snyder Langston
Landscape: Calvin Ahbe & Associates
Interior: P. Patrick Murray, Inc.