225 Bush Street

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained on an exclusive basis by the Seller – a CMBS Trust – to solicit offers to purchase a $350M non-performing first mortgage loan (the “Loan”) that is secured by the fee simple interest in 225 Bush Street, a Class A office building located in San Francisco, California (“225 Bush” or the “Property”). The Loan was originated in October 2019 and in November 2024, became non-performing via a maturity default. A purchaser of the Loan has multiple paths to fee simple ownership of the Property.

225 Bush features 22-stories of high quality creative office space and amenities including a fitness center, conference facilities and on-site parking, with the potential to further activate the building by adding a premier tenant amenity center. The Property offers near-term cash flow anchored by high-profile tenants including Crusoe Energy and Handshake. With 26,000 square foot floor plates, 225 Bush caters to the rapidly growing large tenant demand in San Francisco.

As San Francisco leads the West Coast office recovery, 225 Bush represents one of the country’s most compelling repositioning opportunities at a significant discount to replacement cost and historical pricing levels, with upside through strategic lease-up and amenitization.