One California Plaza

Los Angeles, CA

One California Plaza

Property Summary

Type: Class A Office
Office Location: Los Angeles, CA
Size: 1,039,449 square feet
 

Acquisition Summary

Capital Invested: $80 million
Ownership Interest Acquired: 49%

Transaction Summary

Madison acquired a 49.0% equity interest in One California Plaza, a 42-story trophy office tower in Los Angeles. An affiliate of Beacon Capital Partners, LLC, formerly full owner, holds the remaining majority interest and continues to manage the property. The building is located at 300 South Grand Avenue in the prestigious Bunker Hill district in downtown Los Angeles, near the government center and law courts and convenient to major thoroughfares and transportation. The tower is 74% leased to tenants including Bank of the West and law firms Skadden, Arps, Slate, Meagher & Flom LLP and Morgan Lewis & Bockius.

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