It was a DTLA week — so, let’s take it from the top. Northwind announced it made a $132 million first-mortgage acquisition note to back 601W’s purchase of Wells Fargo Center’s North Tower, distressed offices downtown owned by Brookfield. The price tag on 333 South Grand Avenue wasn’t disclosed, but sources previously told The Real Deal it was $180 million when the deal was in talks. The loan funds the Bunker Hill purchase, plus $48 million to future leasing costs, per the release. A $180 million deal for the 54-story, 1.4-million-square-foot office tower, comes out to about $130 per square […]
This article originally appeared on The Real Deal. Click here to read the full story.
