Innocean USA Leases 101,000 Sq Ft at Hackman Campus in El Segundo
Innocean USA Leases 101,000 Sq Ft at Hackman Campus in El Segundo
JLL, a major player in the real estate services sector currently trading with a market capitalization of approximately $16.6 billion, recently brokered a significant headquarters transaction. The firm represented Innocean USA in a lease for 101,000 square feet at the Hackman Capital Partners campus located at 888 Douglas Street in El Segundo, California.
The move represents a substantial expansion for the advertising agency, more than doubling its current footprint from 50,000 square feet in Huntington Beach. Innocean USA plans to relocate nearly 600 employees to the new site once construction wraps up in 2027. The company, the U.S. arm of Innocean Worldwide established by Hyundai Motor Group, intends to utilize a portion of the space for commercial production facilities.
El Segundo’s creative office market continues to attract diverse tenants. The Hackman campus, a converted 550,000-square-foot aerospace complex formerly occupied by Northrop Grumman, has seen a mix of industries in recent years. Current and past major occupiers include L’Oréal USA, which leased over 100,000 square feet in 2021, and Beyond Meat. Additionally, the South Bay area has seen renewed interest from the aerospace and defense sectors, with Hermeus and Varda Space Industries securing space at the property in 2025 and 2026, respectively.
Financial terms of the agreement were not made public. Jason Fine, Jeff Ingham, and Mitch Lundquist of JLL represented the tenant, while Hackman Capital Partners handled the landlord representation in-house.
What to watch
- Construction completion timeline scheduled for 2027.
- Future leasing activity at the remaining space within the 888 Douglas Street complex.
- JLL quarterly reports for volume in the Southern California commercial leasing market.
Source: original release