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Mike Gitlin Of Capital Group Acquires Bank Of America Plaza From Bruce Flatt Of Brookfield For $210M

Property Image
SOLD
$210,000,000
Bruce Flatt
Mike Gitlin

California

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Office1,400,000 SF
Sold 03/26/2026
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Property Image
SOLD

Mike Gitlin Of Capital Group Acquires Bank Of America Plaza From Bruce Flatt Of Brookfield For $210M

333 South Hope Street

See Similar Deals
Office1,400,000 SF
Sold 03/26/2026
Bruce Flatt
Mike Gitlin
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$150
Total Square Footage:1,400,000 SF
Transaction Type:Sale

The property involved in this transaction is an office asset located at 333 South Hope Street in Los Angeles. The asset is a Class A tower encompassing approximately 1,400,000 square feet. It has been acquired for a transaction amount of $210,000,000, translating to a price per square foot of about $150.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $210,000,000
  • Address: 333 South Hope Street
  • Market: Los Angeles
  • Buyer: Mike Gitlin - Capital Group
  • Seller: Bruce Flatt - Brookfield
  • Broker: Colliers
  • Square Footage: 1,400,000
  • Price Per Square Foot: $150

Mike Gitlin, representing Capital Group, is a long-term tenant intending to consolidate over 2,100 employees into a vertical campus at this location. Bruce Flatt, representing Brookfield, is focused on unwinding a troubled portfolio, indicating a strategic move in light of the ongoing office market conditions.

Players

Colliers
Colliers
BROKERAGE
Mike Gitlin
Capital Group
Mike Gitlin
1 deal$210M volume
BUYER

Details

SOLD
IMAGE: - UNDER CONTRACT IMAGE: Mike Gitlin & Bruce Flatt DATE: 03/26/2026 ADDRESS: 333 South Hope Street MARKET: Los Angeles ASSET TYPE: Office BUYER: Mike Gitlin - Capital Group SELLER: Bruce Flatt - Brookfield (@BrookfieldProperties) BROKER: Colliers (@ColliersInternational) SALE PRICE: $210,000,000 SF: 1,400,000 ~ PPSF: $150 NOTE: Capital Group agreed to acquire Bank of America Plaza in Los Angeles from Brookfield for ~$210M (~$150/SF) for the 1.4M-SF Class A tower, marking a major discounted trade amid ongoing office distress.Capital Group, a long-time tenant, plans to consolidate 2,100+ employees into a “vertical campus,” signaling confidence in Downtown L.A. office recovery as Brookfield continues to unwind its troubled portfolio.

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