China Telecom One Wilshire

One Wilshire was one of the top three telecommunications centers in the world, along with 60 Hudson Street in New York City and Telehouse in London.[3] As a primary terminus for fiber-optic cable routes between Asia and North America,[3] One Wilshire was also the most important telecommunications hub in the western United States.[3] Hines Real Estate Investment Trust sold the building to GI Partners in July 2013, for a total of $437.5 million in US currency.[9] At a sale price of $660 per square foot, it was the highest price ever paid for an office building in downtown Los Angeles.[3] According to Fortune, as of 2015 the building is "the most highly connected Internet point in the western U.S.,"[2] with underseas cables allowing "one-third of Internet traffic from the U.S. to Asia [to pass] through the building."[2]