Newmark facilitates $210M sale of Los Angeles office tower

Newmark (NMRK) Group announces the company has arranged the sale of 601 South Figueroa Street – also known as 601 Fig or Fig at Wilshire – a 1,041,315-square-foot high-rise office tower in Downtown Los Angeles. The asset sold for $210 million, equating to a price of approximately $202 per square foot. At the time of sale, the building was 72% leased to tenants from diverse industries, with many representing strong national and regional credit profiles. Professional services firm PricewaterhouseCoopers serves as the anchor tenant. The property’s prime location provides easy access to key Downtown Los Angeles destinations, including Crypto.com Arena, Microsoft Theater, LA Live, Fig at 7th and the 7th Street Metro station, a central rail hub.