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MPG Office Trust, Inc.
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.
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