BT Infonet | Office/Data Center

Property Description

Located in El Segundo, California (approximately two miles south of Los Angeles International Airport), the Property serves as an important data center location for BT Infonet, a subsidiary of British Telecommunications Plc (S&P: BBB), a wholly-owned subsidiary of BT Group Plc (S&P: BBB), one of the world’s largest communications services providers. BT Group Plc and British Telecommunications Plc, the guarantor of the lease, are headquartered in the United Kingdom. This 157,049 square foot, three-story, institutional quality, Class A office building was developed as a build-to-suit in 1999. The Property features superior infrastructure, improvements and finishes that exceed most other office buildings in the market. Building features and amenities include: cafeteria, conference rooms, private showers, indoor/outdoor seating, backup power generation systems, dual pane reflective glass, a raised flooring system and expansive floor plates that maximize space configuration flexibility and increase occupant comfort.

Business Essential Attributes

The Property is critical to the tenant’s business as it serves as an important data center location in the United States. The Tenant has occupied the Property since its development, and in 2009 demonstrated a continued commitment to the property by installing a state-of-the-art photovoltaic solar energy generation system over the parking structure and on the roof. In addition to the data center operations, the building also houses a network operations monitoring function.

Additional Property Information

Located on the El Segundo “Superblock”, there are numerous amenities for dining, entertainment, shopping and hospitality within minutes of the Property. The Property is adjacent to a Metro Green Line station and is situated less than two miles from two major regional highways (405 & 105 freeways). The Tenant currently subleases the majority of the non-data center portions of the Property to both Raytheon (S&P: A-) and DirecTV (S&P: BBB).

BT Infonet | Office/Data Center

El Segundo, California

Property At a Glance

Property Type: Class A Office
Square Footage: 157,049

Lease Expiration: June 28, 2021
Renewal Option(s): Four 5-year options at 95% of Fair Market Value
Rent Increase(s): 2.1% average annual increases
Tenant: BT Infonet
Guarantor/Parent: British Telecommunications Plc/BT Group Plc
Website*: www.btplc.com
NYSE*: BT (American Depositary Receipt)
LSE*: BT.A

*Stock ticker symbols and website are for BT Group Plc, the parent company for BT Infonet. The guarantor of the lease is the wholly-owned subsidiary of BT Group Plc.