Day: April 11, 2023
Day: April 11, 2023
LOS ANGELES, CA (April 3rd, 2023) – KBS, one of the largest owners and operators of premier commercial real estate buildings in the nation, announces it has sold Union Bank Plaza, a 675,945 square-foot, Class A mixed-use property located in downtown Los Angeles, California. The buyer, Waterbridge Capital, purchased the asset for $104 million. In addition the buyer assumed approximately $6 million in committed capital obligations to existing tenants. Union Bank Plaza was owned by KBS Real Estate Investment Trust II.
