Skechers has listed its downtown Manhattan Beach headquarters for sale, putting a nearly 30,000-square-foot office building steps from the pier on the open market.
The three-story Class A building at 228 Manhattan Beach Blvd. will be delivered vacant, according to Manhattan Beach News. CBRE is marketing the property through a competitive bidding process. No asking price has been disclosed.
"Opportunities to acquire a vacant Class A office building of this scale in downtown Manhattan Beach are exceptionally rare," CBRE Vice Chairman Stephen Somer said in a statement.
The building was extensively renovated in 2018 and includes a 69-stall private, three-level subterranean parking garage. It also offers ground-floor retail potential, giving a future owner a street-front commercial presence in the heart of downtown.
Skechers has not publicly stated why it is selling. The footwear company's roots in Manhattan Beach run back to 1992, when Robert and Michael Greenberg founded the company and ran it out of a small condominium at 26th Street and The Strand, according to a South Bay history blog. The Greenbergs eventually moved operations to the 228 Manhattan Beach Blvd. site, two blocks from the beach.
The company has expanded well beyond that original footprint. Skechers broke ground in January 2019 on three additional buildings along Pacific Coast Highway, two in Manhattan Beach and one in Hermosa Beach, the history blog reported. In September 2025, Skechers management closed a $9.42 billion go-private deal with Brazilian private equity firm 3G Capital, WWD reported. The deal was the largest footwear and apparel buyout in history.
The listing arrives as the South Bay office market works through elevated vacancy. Office vacancy across the region rose to 23.6% in the first quarter of 2026, according to a Colliers research report. Leasing activity totaled 672,494 square feet that quarter, exceeding the 2025 quarterly average by 14.2%. Average asking rents climbed 3.5% year over year.
El Segundo led the South Bay with 82,746 square feet of positive net absorption in the first quarter. Colliers attributed the region's expected stabilization to contracting inventory and sustained demand from aerospace and automotive tenants.
Investor interest in Manhattan Beach office properties has surfaced elsewhere. Lincoln Property Co. acquired a Manhattan Beach office building from Continental Development Corp. for $70 million, Hoodline reported, citing the Los Angeles Times. That property carried potential for apartment development.
Whether the Skechers building could follow a similar redevelopment path remains an open question. The property's zoning and redevelopment rights have not been publicly detailed.
