Less than a month after The Real Deal reported the Brookfield-owned Wells Fargo Center — North Tower was on the market, its sister South Tower is, too. But it isn’t the loan being offered, and it isn’t Eastdil Secured offering it. Newmark is shopping the downtown skyscraper at 355 South Grand Avenue, according to a marketing memorandum viewed by TRD. According to data and analytics provider Green Street, bids are anticipated to come in around $157 million, which wouldn’t cover the $263 million debt balance on the 45-story, about 1.2-million-square-foot office tower that came due — and the landlord is […]
This article originally appeared on The Real Deal. Click here to read the full story.
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