A distressed Brookfield-owned downtown office tower is on the market, according to an Eastdil Secured offering memorandum viewed by The Real Deal. The materials do not include an asking price, only an offering to purchase the mortgage loan connected to 333 South Grand Avenue, which includes the office building, called the Wells Fargo Center — North Tower, and an adjacent three-story retail asset called the Halo. The 1.4 million-square-foot office building is only 61 percent leased; the retail atrium is 63,000 square feet and only 35 percent leased. The sister tower is not included in the deal. The roughly $506 […]
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