Waterbridge Capital Acquires Office Property In Los Angeles For $110M

The office property located at 445 S Figueroa St in Los Angeles has been sold in a transaction valued at $110,000,000. The property spans a total of 701,888 square feet, resulting in a price per square foot of $157. The sale was completed on 03/30/2023.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $110,000,000
• Address: 445 S Figueroa St, Los Angeles
• Market: Los Angeles
• Buyer: Waterbridge Capital
• Seller: KBS Realty
• Brokers: Mike Condon Jr. & Erica Finck - Cushman & Wakefield; Kevin Shannon - Newmark
• Square Footage: 701,888
• Price per Square Foot: $157

The deal was facilitated by Mike Condon Jr. and Erica Finck from Cushman & Wakefield, as well as Kevin Shannon from Newmark. They represented their respective clients in the transaction, with Waterbridge Capital as the buyer and KBS Realty as the seller.