KBS Sells TOBY Award-Winning 675,945 Square-Foot Class A Mixed-Use Property in Downtown Los Angeles, California for $104 Million
Retrieved on:
Tuesday, April 4, 2023
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Union Bank Plaza was owned by KBS Real Estate Investment Trust II.
Key Points:
- Union Bank Plaza was owned by KBS Real Estate Investment Trust II.
- “The property represents an opportunity for the buyer to be part of an eventual post-pandemic recovery in downtown Los Angeles.
- Additionally, Union Bank Plaza recently achieved The Outstanding Building of the Year (TOBY) recognition from the Building Owners and Managers Association (BOMA) Greater Los Angeles.
- “KBS did a terrific renovation of Union Bank Plaza which put it squarely in the Class A subset.