Business & Tech
Mattel Expands South Bay Footprint With $59M Building Purchase
The toy company purchased an almost $60 million office building in El Segundo just down the street from its headquarters.
![The 168,000-square-foot building is located at 2160 E. Grand Ave in El Segundo, just down the street from Mattel's Headquarters.](https://patch.com/img/cdn20/users/26158341/20240814/050210/styles/patch_image/public/mattel-new-building___14170152334.png)
EL SEGUNDO, CA — Barbie's manufacturing company Mattel has expanded its footprint in the South Bay by purchasing an office building for $59 million.
The 168,000-square-foot building is located at 2160 E. Grand Ave in El Segundo, just down the street from Mattel's Headquarters.
According to a recent earnings report, Mattel will move part of its North American and international businesses into the office.
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The building was previously owned by lender New York Life Insurance after it acquired the property last year through a deed-in-lieu of foreclosure from SteelWave and Barings.
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