First Financial Plaza, a $50-million, six-story, 220,000-square-foot office complex, has been completed at Ventura and Balboa boulevards at the eastern gateway to Encino's traditional downtown shopping district.
Shearson Lehman Brothers, scheduled to occupy space Monday, will be the first tenant to move into the building, where more than one-third of the space has been committed, according to a spokesman for First Financial Group, the developer.
The multi-angled facade of brick and glass yields many corner offices, with views to the north, east and west, according to Jack Shine, founder and president of First Financial Group. Encino Plaza Partners, consisting of Jack Shine, David Bock and Joel Shine, is the owner of the building.
First Financial Group, which ranked 24th in the 15th annual Los Angeles Times survey of residential building in Southern California, will be based in the building. First Financial reported 1985 sales of $62.8 million for 936 housing units, 839 condominiums and 97 single-family houses.