LOS ANGELES- Construction has begun on a $30-million office project in El Segundo’s “super block,” where vacancies have continued to plunge and rents keep rising.

The class A, four-story facility will provide 126,000 sf of office space at the corner of Grand Avenue and Nash Street. Each floor will contain 31,500-sf floor plates and plastic laminate partitions, allowing the building to accommodate tenants of all sizes.

The project, Grand Avenue Corporate Center, is being developed by Phoenix-based Opus West Corp. and built by the Opus West Construction Corp. Completion is slated for the third quarter of next year.

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