DTLA’s Bank of America Plaza Trades for $210M in Receivership Sale

(Updated with additional information)

Colliers on Tuesday announced the sale of 333 S. Hope St., a/k/a Bank of America Plaza, in Downtown Los Angeles. The 1.4-million-square-foot office tower traded through a receivership sale, with fee-simple title delivered at closing. The asset traded for $210 million, making it the largest office sale in Los Angeles in 2026 and the largest in Los Angeles County since 2023, according to Colliers.

Vice chair Sean Fulp, EVPs Mark Schuessler and Todd Tydlaska, and associate VPs Jordan Garcia and Blake Hammerstein of Colliers’ investment sales team marketed the property and facilitated the transaction on behalf of the court-appointed receiver, Chris Nielsen, managing partner and co-head of Trigild. The buyer, Capital Group, was represented by Kevin Bender and Andrew Harper of JLL.

“The sale is a meaningful step forward in the evolution of Downtown Los Angeles and another benchmark transaction for our team,” said Schuessler. “In conjunction with the receiver and special servicer, we were able to deliver pricing and deal terms that exceeded expectations, without a need for seller-financing.”

Established in 1931, Capital Group has been a tenant at Bank of America Plaza since 1978. Post-acquisition, the property will 333 remain a multi-tenant building, with Capital Group as the largest and anchor tenant. The investment firm expects to add five floors to its current 14-floor occupancy when all locally based associates, who currently work across three locations, are brought in.

“Completing the purchase of 333 S. Hope St. reinforces our long-term commitment to our associates, our clients, and our presence in Los Angeles,” said Rob Klausner, COO of Capital Group. “This building has been our home for decades, and as both landlord and anchor tenant, we are making meaningful investments to enhance the workplace experience today while building for the decades ahead.”