Commercial Scene : Sherman Plaza Complex Complete

More than 200 civic and business leaders turned out last week for the official opening of Sherman Plaza West, a $30-million, 150,000-square-foot office complex at 15400 Sherman Way in Sepulveda.

The five-story building is the latest in a wave of new commercial projects to open in the so-called Sepulveda Corridor. The building is 60% leased, with anchor tenants including Hartford Insurance Co., Live Entertainment Inc. and Southern California Savings.

The new structure is the second and final phase of Sherman Plaza. A tree-lined courtyard links the building to the four-story, 125,000-square-foot Sherman Plaza East office complex that was built as the first phase in 1982.

Both buildings were developed by Van Nuys-based Nagel Construction Co. The Nadel Partnership of Santa Monica designed the two buildings, and Faulkner Co. is exclusive leasing agent.