Singapore sovereign wealth fund bought 92% of the building from Nippon Life Insurance Company in 2012 for US$910 million.

[5] The faceted cylindrical tower features a seven-story, glass-enclosed lobby and a granite plaza with flower beds and a fountain.

During the holiday season, a platform with many oversized Christmas ornaments is added to the plaza.

The building's entrance is very similar to that of 101 Park Avenue in New York City, and was also designed by Philip Johnson and John Burgee in 1982.

The event was a catalyst in the passage of the Violent Crime Control and Law Enforcement Act of 1994, a drive initiated by California Senator Dianne Feinstein to ban "assault weapons".