Griffin Capital Plans El Segundo Creative Office Development

Griffin Capital Company, LLC, acquired two parcels of land located at the Northeast and Southwest corners of Grand Avenue and Kansas Street in El Segundo, CA for an undisclosed price. The company plans to develop the sites as 240,000 square feet of Class A office space in four buildings.

According to Griffin CEO Kevin Shields, “We worked on this transaction for over two years and are excited to develop these parcels.”

Griffin plans to redevelop two existing structures on the Northeast corner of Grand and Kansas into 155,000 square feet of creative office. On the Southeast corner, Griffin will raze existing structures and develop two ground-up buildings totaling 86,000 square feet of creative office space.

Construction will commence in October 2020 with a projected construction completion in May 2022. The buildings will be available for lease to either multiple tenants or a single tenant.

For comments, questions or concerns, please contact Chris Egger