Capital Group to Buy Bank of America Plaza for $210M

Capital Group has entered an agreement to acquire the Bank of America Plaza office tower in Downtown Los Angeles from Brookfield. The 55-story building at 333 South Hope Street totals almost 1.4 million square feet of rental space.

The reported pricing is about $150 per square foot, implying a deal value around $210 million. The article notes that Capital Group did not disclose the deal value publicly, and that Colliers is the listing agency. The transaction is positioned as one of the last towers from Brookfield’s expansive Downtown L.A. office portfolio.