It's the second office lease connected to the Olympics signed in Downtown LA this year.
The sale price was not disclosed, but reports put it at about $150 per SF, or around $210M.
The bank will also have its name affixed to two sides of the downtown tower.
The AI giant has been hunting for space since the start of the year, seeking to expand dramatically from its existing Sixth Avenue space.
Many multifamily developers in the collar counties would be more inclined to demolish suburban office parks and start fresh than pursue conversions.
The company is taking over Wells Fargo’s former headquarters at 301 S. College St.
The 20-story office tower at 600 California St. went to auction in April but failed to draw bidders.
Columbia Business School professor Stijn Van Nieuwerburgh said demand for AI continued to outstrip supply, holding back layoffs and leading to higher costs.
Meadow Partners is buying the 390K SF midblock office tower.
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