**Colliers Markets $275M Nonperforming Loan Secured by EY Plaza in Downtown Los Angeles**
Colliers is currently marketing a $275 million nonperforming loan secured by the fee simple interest in EY Plaza, a 41-story, 968,184-square-foot office tower located at 725 S. Figueroa Street in Downtown Los Angeles. The loan is anticipated to be sold at a significant discount from its unpaid principal balance.
Gregg Williams of Trident Pacific Real Estate, who was appointed as the receiver when the property entered special servicing, initially awarded Colliers both the leasing and property management assignments in 2023. Williams continues to serve in this role.
Leading the sale process is Colliers’ office capital markets team, which includes Vice Chair Sean Fulp, Executive Vice Presidents Mark Schuessler and Todd Tydlaska, and Associate Vice Presidents Jordan Garcia and Blake Hammerstein. The leasing assignments are being overseen by Vice Chair Matthew Heyn and EVP Ian Gilbert, while Colliers’ Real Estate Management Services division continues to manage the property.
“EY Plaza represents one of the few remaining large-scale office investment opportunities in Downtown Los Angeles,” said Sean Fulp. “The lender entrusted this assignment to Colliers because of our ability to execute the city’s most complex tower transactions. We anticipate strong engagement from global investors seeking scale and long-term value in Los Angeles.”
