Arroyo Gateway (South Pasadena, CA)
Site/Location: EFG-Arroyo Gateway, LLC, a wholly-owned subsidiary, acquired this 2.23 acre office park, in South Pasadena, California, just south of the Arroyo Seco Parkway, comprised of two single-story buildings and one two-story building, totaling about 432,000 square feet of rentable space.
Abatement Considerations: Chlorinated solvent contamination present in the site soil and groundwater.
EFG’s Role: EnviroFinance Group, LLC (EFG) managed remediation and prepared the site for sale and redevelopment.
Community Benefit: Rebranded as the “Arroyo Gateway Business Park,” the once-derelict business location, with its convenient central location between Downtown Los Angeles and Pasadena, will cater to a wide variety of creative professional and office users looking to operate in a friendly and less congested market. Tenants benefit from access to bike paths, mass transit and the Arroyo Seco Golf Course. Arroyo Gateway Business is a vibrant workplace that complements South Pasadena’s southern gateway.
Current Status: In 2016, we sold the improved property to a reputable commercial management company as a planned multi-tenant creative / office business park.
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