TPG Puts LA Site On Block With Eye Toward REIT Makeover

Law360, New York (June 19, 2012, 6:23 PM EDT) -- As part of its plans to exit the development game and restructure as a real estate investment trust, Thomas Properties Group Inc. has put a 23.87-acre parcel of land by Los Angeles International Airport up for sale, broker Jones Lang LaSalle announced Tuesday.

Dubbed Campus El Segundo, the rare plot of land — which is large enough to handle a major mixed-use complex and which has already been entitled for 1.825 million square feet of development — is expected to attract both U.S., and foreign investors,...
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