---
title: "601W Secures $132M to Buy Brookfield’s Downtown L.A. Office Tower"
url: https://burnaze.com/article/be93fc9f-92b8-4b6a-9ed9-962297821b87
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/06/601w-brookfield-la-office-wells-fargo-tower/
author: "Gregory Cornfield"
category: "Real Estate"
published: 2026-06-08T18:45:44.000Z
modified: 2026-10-31T13:19:06.433Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/06/Ran-Eliasaf-Brian-Kingston-Wells-Fargo-Tower-LA-credit-Getty-Images.jpg?quality=80&w=1200
---

# 601W Secures $132M to Buy Brookfield’s Downtown L.A. Office Tower

**TL;DR:** 601W Companies acquired a 55-story office building in Downtown Los Angeles from Brookfield for an undisclosed value, with Northwind Group providing a $132 million first-mortgage acquisition loan. The building features 1.4 million rentable square feet and covers a full block in Bunker Hill.

*By Gregory Cornfield, originally published in Commercial Observer on 2026-06-08. [Read the original](https://commercialobserver.com/2026/06/601w-brookfield-la-office-wells-fargo-tower/).*

## Story

Another of the last few towers that once made up **Brookfield**’s expansive but distressed office portfolio in Downtown Los Angeles has a new owner.

**601W Companies** acquired the 55-story Class A office building at **333 South Grand Avenue**, which features 1.4 million rentable square feet and covers a full block in Bunker Hill. The value of the acquisition for the **Wells Fargo** north tower was not immediately disclosed, although the buyer was reportedly in negotiations for about $180 million earlier this year.

**Northwind Group** provided a $132 million first-mortgage acquisition loan, and said the tower was acquired at a “pronounced discount to historical levels, reflecting a broader repricing of Downtown Los Angeles office assets over the past several years.” The loan includes an additional $48 million “good news” lending facility for future leasing costs.

“The broader repricing of Downtown Los Angeles office assets has created an attractive entry point that fundamentally changes the competitive position of new ownership,” **Ran Eliasaf**, founder of Northwind Group, said in a statement. “Older buildings held by owners with elevated cost bases are constrained in their ability to offer the tenant improvement and leasing commission packages the market requires. Our borrower enters the market without that constraint.”

The building recently completed more $63 million in capital improvements, including the redevelopment of its retail space and renovations to the lobby.

“The Bunker Hill submarket has historically attracted a concentration of financial institutions, law firms and government tenants, and this property is one of the best buildings in the area, considering its location, high-quality physical condition and its strong caliber of existing tenants like **Wells Fargo** and **Gibson Dunn** with strong in-place cash flow,” Eliasaf added.

**Rael Gervis** at **Meridian** arranged the acquisition. **John Vavas** of law firm **Polsinelli** represented Manhattan-based Northwind.

The transaction marks Northwind’s fifth loan to 601W Companies, and its first loan in L.A. with a repeat borrower. It originated the debt through **Northwind Debt Fund III**, the firm’s latest flagship closed-end credit vehicle focused on real estate debt investments across major U.S. markets. The financing also reflects Northwind’s most active year to date and its conviction in the current lending opportunity, with 2026 expected to be the highest annual origination volume in the firm’s history.

Earlier this year, Brookfield sold the adjacent **Bank of America Plaza**, which had been part of the same struggling office tower portfolio that made the company the largest office landlord in L.A., to **Capital Group** for $210 million, Commercial Observer reported.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- Wells Fargo (company)
- Polsinelli (company)
- Gregory Cornfield (person)
- Brookfield Corporation (company)
- real estate financing (topic)
- Northwind Group (company)
- 601W Companies (company)
- Ran Eliasaf (person)
- Meridian (company)
- Capital Group (company)

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Originally reported by Gregory Cornfield, Commercial Observer (https://commercialobserver.com/2026/06/601w-brookfield-la-office-wells-fargo-tower/). Summarized by Burnaze (https://burnaze.com/article/be93fc9f-92b8-4b6a-9ed9-962297821b87).