Grand & PCH Retail Development — El Segundo

1031 Exchange Land Acquisition

Pat acquired the development site through a 1031 exchange, converting proceeds from a prior disposition into a strategically positioned parcel at the intersection of Grand Avenue and Pacific Coast Highway in El Segundo. The 1031 structure allowed the client to defer capital gains while repositioning into a higher-value asset class.

Entitlement & Development

Pat entitled the site for retail development and managed the full construction process. The project was designed as a 27,000 SF multi-tenant retail center positioned to serve the high-traffic PCH corridor and the surrounding El Segundo residential and commercial community.

Institutional Tenant Pre-Leasing

Pat pre-leased the entire project to institutional-grade tenants prior to completion: Walgreens, Habit Burger, Chipotle, Wells Fargo, and T-Mobile. Achieving 100% pre-leasing with national credit tenants before construction completion significantly de-risked the project and maximized stabilized value.

The completed development delivered approximately $25M in project value with 100% occupancy by institutional-grade tenants. The project demonstrates Pat's ability to execute across every phase — from tax-advantaged acquisition through entitlement, construction management, and institutional tenant leasing.

This deal showcases Pat's full development capability: identifying a site, acquiring it through a 1031 exchange for tax efficiency, navigating the entitlement process, overseeing construction, and pre-leasing to national credit tenants. It's the complete cycle of strategic real estate advisory — from acquisition strategy through stabilized asset delivery.