Griffin Capital plans major creative office complex in El Segundo

Site was rezoned from industrial, as city continues to lure tech tenants

Los Angeles /
May.May 17, 2021 09:08 AM
Griffin Capital CEO Kevin A. Shields with a rendering of the project. (Griffin)
Griffin Capital CEO Kevin A. Shields with a rendering of the project. (Griffin)

Griffin Capital is planning a major creative office complex in El Segundo amid the city’s continued push to transform itself from industrial area to tech hub.

Griffin wants to build a 243,000-square-foot facility on two parcels at the intersection of East Grand Avenue and Kansas Street, according to Urbanize. The filing was part of a state-mandated environmental report.

The development site, which totals about five acres, had housed semiconductor manufacturing facilities. It resides in the Smoky Hollow district, a roughly 120-acre stretch of mostly industrial properties that El Segundo rezoned to attract tech companies.

El Segundo wants to turn the area into “a vigorous incubator district.” Officials there hope its tax structure and relatively cheap rents will pull in companies from pricier markets like Venice and Santa Monica, according to the report.

Griffin wants to keep one structure on the property, add two new office buildings of three and four stories, and two six-story parking garages. The plans also call for 55,000 square feet of public open space and some private open spaces including balconies and roof decks.

The firm hopes to break ground by the end of the year and complete the project by mid-2023. EYRC Architects, Ware Malcomb and LRM are designing the project.

Griffin Capital’s project is the second major development to crop up since the rezoning. Smoky Hollow Industries and LIMO LP are building a 60,000-square-foot office building as the initial phase of a larger campus at Franklin Avenue and Oregon Street.

[Urbanize] — Dennis Lynch


Related Articles

arrow_forward_ios
Planned LA Chargers HQ scores financing package
Planned LA Chargers HQ scores financing package
Planned LA Chargers HQ scores financing package
Rendering of 1550 E. Franklin Ave. (Ware Malcomb, iStock)
Ocean West Capital buys 152K sf industrial campus in El Segundo
Ocean West Capital buys 152K sf industrial campus in El Segundo
Takeoff! Rocket startup signs for 100K sf in El Segundo
Takeoff! Rocket startup signs for 100K sf in El Segundo
Takeoff! Rocket startup signs for 100K sf in El Segundo
LA Chargers unveil new HQ in El Segundo
LA Chargers unveil new HQ in El Segundo
LA Chargers unveil new HQ in El Segundo
Kilroy Realty CEO John Kilroy, DirecTV CEO Bill Morrow and Swift Real Estate Partners founder Christopher Peatross (LoopNet, Kilroy, DirecTV, Swift)
DirecTV wants to sublease 500K sf of its El Segundo HQ
DirecTV wants to sublease 500K sf of its El Segundo HQ
Rivian CEO RJ Scaringe and 401 Coral Circle (Getty, Hackman)
EV carmaker Rivian powers into El Segundo office
EV carmaker Rivian powers into El Segundo office
Patrick Soon-Shiong and the office building (Getty, LoopNet)
Buyer revealed: Patrick Soon-Shiong’s NantWorks acquires El Segundo office
Buyer revealed: Patrick Soon-Shiong’s NantWorks acquires El Segundo office
2221 Park Place (Cardinal Investments)
A pair of El Segundo office conversions sell in eight-figure deals
A pair of El Segundo office conversions sell in eight-figure deals
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...