**601 Fig Trades in LA’s Largest Commercial Sale Since January 2024**
Newmark and Colliers have successfully arranged the sale of 601 S. Figueroa Street — also known as 601 Fig or Fig at Wilshire — a prominent 1,041,315-square-foot high-rise office tower in Downtown Los Angeles. The property sold for $210 million, translating to approximately $202 per square foot. According to Colliers, this marks the largest commercial real estate sale in Los Angeles since January 2024.
A Newmark team led by Kevin Shannon, Co-Head of U.S. Capital Markets, along with Vice Chairmen Ken White, Rob Hannan, Laura Stumm, Michael Moll, and Director Alex Beaton, represented the undisclosed seller. The team also included Newmark Executive Vice Chairman and Head of International Capital Markets Alex Foshay. Supporting the transaction’s financial strategy and debt considerations were Jonathan Firestone, Newmark Co-President of Global Debt & Structured Finance, Vice Chairman Blake Thompson, and Director Henry Cassiday.
On the buyer’s side, Colliers’ Office Capital Markets team, led by Vice Chair Sean Fulp, Executive Vice President Mark Schuessler, and Associate Vice President Jordan Garcia, advised Uncommon Developers on the acquisition. For leasing services, Vice Chair Matthew Heyn and Executive Vice President Ian M. Gilbert of Colliers’ Integrated Advisory Services Team will spearhead efforts. Property management will be handled by Real Estate Management Services, with Regional Managing Director, West Coast, Kevin Rude, and Regional Managing Director, California, Tina Minook leading the operation.
“601 Fig is one of LA’s truly iconic office buildings at the renowned corner of Wilshire Boulevard and Figueroa,” said Shannon. “This investment sale will provide long-term upside for yet another patient and well-capitalized family office buyer.”
