The Linq office campus in Redondo Beach.

The Linq office campus in Redondo Beach.

Hawkwood Ventures has purchased Linq, a creative office campus in Redondo Beach, for $24 million.

Located at 2400 Marine Ave., Linq features 50,000 square feet spread across two one-story buildings.

Jones Lang LaSalle Inc.’s Steve Solomon, Kristen Bowman and Andrew Harper represented seller EverWest Real Estate Investors in the transaction. Hawkwood Ventures was self-represented.

Solomon and Bowman will also serve as leasing agents for the campus. The two have a long history with the property and were involved in its sale to EverWest in 2017.

Built in 1964 and renovated in 2016, the property features tenant entrances and glass roll-up doors, as well as a new lobby and restrooms.

"While the Covid pandemic has slowed office investment and leasing activity, investors and tenants are still moving on well-located properties with strong fundamentals to achieve their goals," Solomon said in a statement. "The South Bay continues to be extremely active as companies recognize the area’s strong employment base, amenities and premier location.”

In the fourth quarter, asking rent for Class A office product in the South Bay was $3.70 a square foot, up 41 cents in two years, according to JLL data.

One of the biggest leases signed in Los Angeles County since start of the Covid-19 pandemic was in the South Bay.  Meat substitute manufacturer Beyond Meat Inc. signed a 12-year lease for roughly 280,000 square feet at 888 N. Douglas St. in January.

The property, formerly a Northrop Grumman Corp. manufacturing and warehouse complex, is owned by Hackman Capital Partners.

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