|
|
6/17/26
|
Capital Group has closed on its purchase of 333 S. Hope Street, the 1.4 msf Bank of America Plaza office tower in Downtown Los Angeles, for $210 mil ($150/sf). The asset traded through a receivership sale, with fee-simple title delivered at closing.
We’re told this is the largest office sale in Los Angeles in 2026 and the largest in Los Angeles County since 2023. The sale reflects continued recalibration in office pricing and growing investor focus on long-term value in premier assets.
The 57-story, Class A, high-rise is a prominent fixture in the Los Angeles skyline, offering premier office space, panoramic city views, and a central location within the city’s Financial District. As a defining part of the downtown core, the property combines scale, design, and functionality, with best-in-class amenities and a strong presence within one of the West Coast’s most important business hubs.
Capital Group plans to consolidate its Los Angeles operations into the building and significantly invest in the asset to bring it to a best-in-class standard. Eventually, they expect that it will be home to more than 2,100 employees.
Vice Chair Sean Fulp, Executive Vice Presidents Mark Schuessler and Todd Tydlaska, and Associate Vice Presidents Jordan Garcia and Blake Hammerstein of Colliers’ investment sales team exclusively marketed the property and facilitated the transaction on behalf of the court-appointed receiver, Chris Nielsen, Managing Partner and Co-Head of Trigild. Capital Group was repped by Kevin Bender and Andrew Harper of JLL. According to Schuessler, their marketing efforts generated interest from both private and institutional investors, as well as foreign capital, and ultimately a partial user.
|
|
 Return to the previous page
|
|
|
|
|
Printer-friendly Version
Email an Associate
