Colliers, as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 311 S. Spring Street (the “Property” or “311 Spring”), a 118,962-square-foot, 13-story office tower prominently located at the corner of Third and Spring Streets in the Historic Core of Downtown Los Angeles.

311 Spring offers a rare opportunity to control an entire Downtown Los Angeles office tower with the scale, visibility, and flexibility to support a significant owner/user presence. The Property offers 77,222 square feet available for immediate occupancy, allowing a purchaser to occupy nearly two-thirds of the building from day one while maintaining control over its identity, tenancy, signage, amenities, and future capital investment. At the same time, the existing tenant base provides interim cash flow to help offset carry costs, while the 2.37-year weighted average lease term creates a near-term path to controlling additional space for future owner/user expansion or redevelopment.

The Property’s U-shaped floor plates provide abundant natural light and perimeter exposure, while its dual street frontage creates a prominent presence along both Spring and Third Streets with substantial underutilized signage potential. The location further strengthens the opportunity, with the Civic Center and more than 45,000 public-sector jobs three blocks north, Grand Central Market a four-minute walk away, the Broadway Theater District one block west, and four Metro rail lines within a five-minute walk.

Beyond its immediate owner/user potential, 311 Spring provides a clear alternative path through residential adaptive reuse. The Property qualifies for the Downtown Adaptive Reuse Program, which allows qualifying conversions to proceed ministerially through the Department of Building and Safety without a discretionary entitlement, hearings, or appeals. Its existing 12.04 FAR materially exceeds the current 6.00 base FAR, preserving 67,584 square feet of existing density that could not be recreated under the base zoning today. The building’s configuration, natural light, and perimeter exposure further support its conversion potential, and a conceptual program contemplates 112 residential units averaging 857 square feet across 96,184 net rentable residential square feet, together with 8,827 square feet of ground-floor retail.

Together, these characteristics position 311 Spring as a uniquely flexible acquisition opportunity. A purchaser can immediately establish a substantial owner/user presence while benefiting from interim cash flow and near-term control of additional space, or pursue a residential conversion supported by the Property’s existing density, favorable physical configuration, and streamlined adaptive reuse pathway. With Downtown office supply continuing to contract through conversions and demolitions, 311 Spring offers the opportunity to acquire a prominent Historic Core asset at a basis well below replacement cost, with immediate usability and significant long-term optionality.