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Article: South Bay to suffer more tenant departures in 1994: Hughes intends to vacate another 900,000 square feet. (Hughes Aircraft Co.) (Special Report: Quarterly Real Estate)
- Article from:
- Los Angeles Business Journal
- Article date:
- January 31, 1994
- Author:
CopyrightCOPYRIGHT 1994 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hughes Aircraft Co. is expected in 1994 to dump another 900,000 square feet of office space on the South Bay office market, which is already glutted from years of aerospace-defense industry downsizing, said local real estate brokers and a Hughes official.
Hughes Aircraft plans to vacate the Pacific Corporate Towers at 200 N. Sepulveda Blvd. in El Segundo, where it occupies 460,000 square feet of space, in the fourth quarter of 1994, said Richard Dore, spokesman for L.A.-based Hughes. In addition, Hughes plans to move out of another 440,000 square feet of leased space in "a whole variety of buildings" in the South Bay in 1994, Dore said, bringing the total amount of ...