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Silverstein Properties Acquires U.S. Bank Tower in Los Angeles

OUE Limited Divests 1.4 Million-SF Office Tower for $430 Million
By Chris Bundy
CoStar Research
September 25, 2020 | 9:10 P.M.

Silverstein Properties has closed on its previously announced acquisition of the U.S. Bank Tower, an iconic office building at 633 W. 5th St. and the adjacent 1,700-stall Westlawn Garage located at 524 S. Flower St. in Los Angeles, California. OUE Limited, a public investment shop that runs several real estate investment trusts in Singapore, sold the property for $430 million, or about $300 per square foot.

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