Carolwood Equities has paid $153.5 million for Aon Center, a 62-story trophy class A office tower located in the heart of the Financial District in downtown Los Angeles.
It is considered the largest fourth-quarter 2023 office sale by price in the western United States, according to CoStar data.
The seller was not disclosed in the release; however, other media outlets reported the seller was Shorenstein Properties, which paid $268.5 million in 2014 for the asset, according to Bloomberg.
Located at 707 Wilshire Boulevard, Aon Center comprises more than 1.1 million square feet, offering sprawling views of the Los Angeles basin. Extensively renovated in 2020, the property features a three-story architectural lobby and a variety of tenant amenities, includin
