Storm Plaza Starts on Construction Phase II

LOS ANGELES—Storm Properties is moving forward with construction efforts on Storm Plaza. The 50,000-square-foot outdoor shopping center, which GlobeSt.com reported broke ground last year, has launched phase II, adding an additional 21,500 square feet of space onto the shopping center. 

The $15-million development is located on 4.2 acres at the corner of Sepulveda Boulevard and Normandie Avenue in Torrance. The highlight of this second construction phase is a 4,250-square-foot Wells Fargo banking branch. Wells Fargo completed a lease transaction with the developer prior to the start of construction. The developers are still negotiating lease transactions with other potential tenants to fill the remainder of the space. Phase II construction will be completed in the fall of this year.