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News Breaks | | | | December 21, 2012 | | 16:36 EDT |  | MPG | MPG Office Trust announces sale of 20% interest in Joint Venture
MPG Office Trust announced it has sold its remaining 20% joint venture interest to its joint venture partner, an affiliate of Beacon Capital Partners. 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 $41M and will be used for general corporate purposes. | |
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