Market Overview

MPG Office Trust to Sell 20% JV Interest Which Owns California Plaza, Cerritos Corp. Center

Share:
Related MPG
Top 4 NYSE Stocks In The REIT-Office Industry With The Highest Revenue
Benzinga's Top Initiations
Mapan Energy Ltd. Announces Agreement to Be Acquired by Tourmaline Oil Corp. (GuruFocus)

MPG Office Trust, Inc. (NYSE: MPG), a Southern California-focused real estate investment trust, announced it has sold its remaining 20% joint venture interest to its joint venture partner, an affiliate of Beacon Capital Partners, LLC. The joint venture owns One California Plaza, located in Downtown Los Angeles, and Cerritos Corporate Center, located in Cerritos, California.

Net proceeds from the transaction totaled approximately $41 million and will be used for general corporate purposes.

Posted-In: News

 

Related Articles (MPG)

Around the Web, We're Loving...

Get Benzinga's Newsletters