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**Colliers Markets $275M Nonperforming Loan Secured by EY Plaza in Downtown Los Angeles**
Colliers is marketing a $275 million nonperforming loan secured by 725 S. Figueroa Street—better known as EY Plaza—in Downtown Los Angeles. The 41-story, 968,184-square-foot Class A office tower is being offered at a significant discount to 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 the leasing and management assignments for the building in 2023. Williams continues to serve in his role as receiver.
The sale assignment is being led by Colliers’ Office Capital Markets team, including Vice Chair Sean Fulp, Executive Vice Presidents Mark Schuessler and Todd Tydlaska, and Associate Vice Presidents Jordan Garcia and Blake Hammerstein. Leasing responsibilities remain with Vice Chair Matthew Heyn and Executive Vice President Ian Gilbert. Colliers’ Real Estate Management Services team continues to oversee property management.
“EY Plaza represents one of the few remaining large-scale office investment opportunities in Downtown Los Angeles,” said Fulp. “The 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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