Colliers is marketing the $275-million nonperforming loan secured by the fee simple interest in 725 S. Figueroa Street, also known as EY Plaza, a 41-story, 968,184-square-foot office tower in Downtown Los Angeles. The loan will be sold at a significant discount to its unpaid principal balance
Gregg Williams of Trident Pacific Real Estate, appointed receiver when the property transferred to special servicing, first awarded Colliers the leasing and management assignments for EY Plaza in 2023. He continues to act as receiver.
Colliers’ office capital markets team leads the sale assignment: vice chair Sean Fulp, EVPs Mark Schuessler and Todd Tydlaska, and associate VPs Jordan Garcia and Blake Hammerstein. Leasing continues under vice chair Matthew Heyn and EVP Ian Gilbert, while Colliers’ Real Estate Management Services team oversees property management.
“EY Plaza represents one of the few remaining large-scale office investment opportunities in downtown Los Angeles,” said Fulp. “Lender entrusted this assignment to Colliers because of our ability to execute on the city’s most complex tower transactions. We anticipate strong engagement from global investors seeking scale and long-term value in Los Angeles.”
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