Closed: Broadway Trade Center in DTLA sells for $125M
In August 2014 Global CRE represented the seller of Broadway Trade Center, 1,080,000 SF in Downtown Los Angeles, which sold for $125,000,000.
Sources
Global CRE transaction records; public sale records
$125M
Sale price
1.08M SF
Building area
~$116/SF
Price per building SF
The transaction
In August 2014, Global CRE represented the seller of Broadway Trade Center, the 1,080,000 SF building at 801-831 S Broadway in Downtown Los Angeles, which sold for $125,000,000, roughly $116 per SF. Built in 1908 on 2.7 acres, it is one of the largest buildings in the Historic Core.
- Closed: August 2014.
- Seller representation: Global CRE.
- Buyer: Broadbridge LA LLC.
- Building: 1,080,000 SF, built 1908.
- Site: 2.7 acres in Downtown Los Angeles.
Why it matters
A historic building of this scale in the Historic Core sets a reference point for adaptive reuse pricing across Downtown, where older buildings are being repositioned for new uses.
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