San Diego Business Journal

Bank of America Tower Sold for $73 Million

By Lou Hirsh Monday, December 2, 2013

Photo by courtesy of CoStar Group

The downtown San Diego office tower at 450 B. St., known locally as the Bank of America Tower, has been sold for $73 million, according to CoStar Group and public data. It is the second time in less than two years that the 20-story building has changed hands.

The latest buyer was listed as TKOS I LLC, with further details unavailable. The seller was SD CFD Tower 8 Owner LLC, which includes BBL Inc. of San Diego and Westbrook Partners of New York City.

The 283,786-square-foot building was purchased by the BBL-led partnership in December 2011, for $60.15 million. The office tower, built on 1.2 acres in 1981and renovated in 2009, was 82.4 percent leased at the time of the most recent sale, which closed Nov. 20.

Tenants include a two-story bank branch and regional headquarters of Bank of America.