El Segundo Office Plaza Rising : Twin Buildings Near Airport to Open in February

Construction is under way on Continental Grand Plaza, a two-building, $90-million office project in International Center in El Segundo.

Located less than two miles from Los Angeles International Airport, the complex is expected to have aerospace-related, engineering and data-processing occupants among its tenants.

The six-story buildings are scheduled for occupancy in February. They are on a nine-acre site on the northeast corner of Continental Boulevard and Grand Avenue, and will contain a total of 496,000 square feet of space.

The development is a joint venture of JZK Associates and Cal Fed Enterprises, a subsidiary of California Federal Savings & Loan Assn. Managing principals are Harold Josephson and Gerald L. Katell, who are also managing principals of the $100-million Brea Tech Center being developed in north Orange County.

The structural-steel buildings were designed by architect Herbert Nadel and Partners of Santa Monica. Each floor will consist of two wings of 20,000 square feet each, with elevator lobby at mid-point.

They buildings will provide for 24-hour security, including closed-circuit television and accommodation of advanced telecommunications equipment. Parking for 2,000 cars will be in multilevel structures.

Continental Grand Plaza will have multipurpose recreational/exercise facilities, including volleyball and basketball courts and an exercise room. There will also be landscaped picnic areas, and negotiations have begun with a major operator for a 3,500-square-foot, on-site restaurant.

Contractor is Keller Construction Co. Inc. of El Monte. The Goodglick Co., which arranged site acquisition for about $10 million, is exclusive leasing agent.