MANHATTAN BEACH, CA - PM Realty Group (PMRG), a nationwide, full-service commercial real estate firm, has been awarded the exclusive leasing assignment for Manhattan Towers from Wells Real Estate Funds. The 309,705-square-foot, two-building, Class A office project is located at 1230 and 1240 Rosecrans Ave. in Manhattan Beach, Calif.
PMRG's Manhattan Towers' team will be led by Chris Strickfaden, senior vice president and regional manager, and Mark Mattis, vice president of leasing. "Manhattan Towers offers an outstanding amenity base along Rosecrans Avenue and a prestigious suburban location in the El Segundo/ Manhattan Beach office market," Strickfaden noted. "These are highly marketable aspects in adding new occupants to what is already a strong tenant mix."
Built in 1985, Manhattan Towers features contemporary concrete and glass exteriors, with most suites offering panoramic views of the surrounding cityscape. In addition to convenient surface parking, covered parking is available under the project with direct access to the buildings, Floor plates average 27,000 square feet.
Now 97 percent occupied, Manhattan Towers boasts a solid lineup of corporate tenants, including Northrup Grumman, Vineyard Bank, and Beach Business Bank. According to Strickfaden, the property is considered one of the top office structures in Manhattan Beach and the submarket surrounding Los Angeles International Airport.