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

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.