MPG Sells Office High-Rises To Beacon For $45M

Law360, New York (October 31, 2011, 4:19 PM EDT) -- Real estate company MPG Office Trust Inc. is selling its stake in two high-rise office buildings in Denver and San Diego to investment firm Beacon Capital Partners LLC for $45 million, MPG announced Monday.

MPG is unloading noncore assets it owns through a joint venture with Macquarie Office Trust, which is managed by Australian property manager the Charter Hall Group, with the joint venture is selling its interest in the Wells Fargo Center in Denver and the San Diego Tech Center to Beacon. The sale is...
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