Ryan Hekmat Of Uncommon Developers Acquires Office Tower In Los Angeles For $210M

The office asset involved in the transaction is located at 601 South Figueroa in Los Angeles, with a sale price of $210,000,000. The property encompasses a total of 1,042,332 square feet, resulting in a price per square foot of $201. This asset is a 52-story trophy tower situated at the intersection of Figueroa & Wilshire.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $210,000,000
• Address: 601 South Figueroa
• Market: Los Angeles
• Square Footage: 1,042,332
• Price Per Square Foot: $201
• Buyer: Ryan Hekmat – Uncommon Developers
• Seller: 🤫
• Broker: CBRE

Ryan Hekmat, representing Uncommon Developers, facilitated the acquisition of this property in an off-market deal, which is the largest commercial sale in LA County since January 2024. Following the purchase, Uncommon Developers awarded exclusive leasing and property management rights to Colliers.