Bay Club Reinforces Long-Term Investment in the South Bay with El Segundo Acquisition
The transaction completes Bay Club’s ownership of the El Segundo property and reflects the company’s continued focus on strategic real estate investments
Bay Club Purchases 5.4-acre El Segundo Campus at 2250 Park Place
EL SEGUNDO, Calif., June 09, 2026 (GLOBE NEWSWIRE) — The Bay Club Company (“Bay Club”) today announces the completion of its $42 million acquisition of 2250 Park Place, a 5.4-acre campus that is home to Bay Club El Segundo, from Continental Development Corporation (“CDC”). Bay Club has closed the loop on a strategy it architected nearly a decade ago and adds another cornerstone to a real estate portfolio that now totals approximately $1 billion across the West Coast.
Bay Club’s expansion in Southern California has been deliberate from the start. The company entered the region in 2015 with the acquisition of Spectrum Athletic Clubs, bringing locations in El Segundo, Redondo Beach, and Santa Monica into the Bay Club portfolio. From there, the company expanded its Los Angeles Campus: adding Manhattan Country Club in 2017 and acquiring Griffin Club in 2025, creating a regional network of clubs and amenities that today spans five locations and more than 25,000 members. With this transaction complete, Bay Club turns its attention to the next chapter of growth across Southern California.
Real estate ownership has been a core component of Bay Club’s growth model. In 2017, Bay Club acquired the 100,000-square-foot El Segundo building from CDC for $29 million, along with a long-term land lease and the option to complete the full transaction. Bay Club has exercised that option and now holds full ownership of both the buildings and underlying land associated with the property.
“We structured this deal almost 10 years ago with CDC with the intention of one day owning the land beneath it,” said Matthew Stevens, President and CEO of Bay Club. “Completing that today gives us permanent control over our future here and the foundation to keep investing in this club and this community for years to come. One of Bay Club’s foundational beliefs is that if you control the real estate, you control your future.”
Bay Club’s total investment in the Rosecrans-Sepulveda Corridor now exceeds $200 million, including the acquisition and ongoing $25 million renovation of Manhattan Country Club, a $20 million renovation of Bay Club El Segundo in 2019, and the acquisition of both the building and underlying land of the property. Together, these investments establish the corridor as one of the premier athletic destinations in the Beach Cities—and reflect Bay Club’s broader conviction that owned real estate is essential to building durable, community-centered infrastructure. This ownership model supports long-term stability for members and employees, while enabling continued reinvestment in its clubs.
