Smoky Hollow Industries Pays SATCO $34.3MM for 79,000 SQFT El Segundo Industrial/Flex Campus

A local developer entity that has spent years converting El Segundo's old brick industrial buildings into office and R&D space has paid $34.3 million for SATCO Inc.'s four-building headquarters campus in the Smoky Hollow district, at more than $430 per square foot, as defense and space demand pushes South Bay industrial values to the top of the Los Angeles market.