MPG Office Trust, Inc.
355 South Grand Avenue
Los Angeles, CA 90071
United States - Phone: 213-626-3300
MPG Office Trust, Inc. is the largest owner and operator of Class A office properties in the Los Angeles central business district and is primarily focused on owning and operating high-quality office properties in the Southern California market. MPG Office Trust, Inc. is a full-service real estate company with substantial in-house expertise and resources in property management, marketing, leasing, acquisitions, development and financing.
David L. Weinstein
President and Chief Executive Officer; Director
Executive Vice President, and Chief Financial Officer
Peggy M. Moretti
Executive Vice President, Investor and Public Relations, and Chief Administrative Officer
Jonathan L. Abrams
Senior Vice President, General Counsel and Secretary
Peter K. Johnston
Senior Vice President, Leasing
Maguire Properties and Macquarie Office Trust formed the Maguire Macquarie Office venture in January 2006 - now managed by the Charter Hall Group. The aggregate size of the initial Maguire Macquarie Office portfolio is nearly 4 million square feet and includes six assets: One California Plaza, Cerritos Corporate Center, Quintana, San Diego Tech Center, Wells Fargo Center in Denver and Stadium Gateway.
MPG Office Trust ,
San Diego County
San Diego Tech Center
Wells Fargo Center
Prime Location : Down Town LA Sky Line and Map of Down town building's locations.
213 626 3300
For more information
or to request additional materials, please e-mail
a representative below:
Josh G. Wrobel
MPG Office Trust Reports Third Quarter 2011 Financial Results
Organization and Description of Business
As used in these consolidated financial statements and related notes, the terms "MPG Office Trust," the "Company," "us," "we" and "our" refer to MPG Office Trust, Inc. Additionally, the term "Properties in Default" refers to our Stadium Towers Plaza, 500 Orange Tower, Two California Plaza and Glendale Center properties, whose mortgage loans were in default as of March 31, 2012 and where our ultimate goal is to exit the assets.
We are a self-administered and self-managed real estate investment trust ("REIT"), and we operate as a REIT for federal income tax purposes. We are the largest owner and operator of Class A office properties in the Los Angeles Central Business District ("LACBD").
Through our controlling interest in MPG Office, L.P. (the "Operating Partnership"), of which we are the sole general partner and hold an approximate 88.7% interest, and the subsidiaries of our Operating Partnership, including MPG TRS Holdings, Inc., MPG TRS Holdings II, Inc., and MPG Office Trust Services, Inc. and its subsidiaries (collectively known as the "Services Companies"), we own, manage and lease real estate located in the greater Los Angeles area of California and Orange County, California. These locales primarily consist of office properties, parking garages and land parcels.
On March 30, 2012, the Company, together with Charter Hall Office REIT ("Charter Hall"), sold its interests in Wells Fargo Center, located in Denver, Colorado, and San Diego Tech Center, located in San Diego, California (each of which was a joint venture property) to affiliates of Beacon Capital Partners, LLC ("Beacon Capital"). Subsequent to the property dispositions, Charter Hall sold its 80% interest in the joint venture to an affiliate of Beacon Capital.
The Company entered into a new joint venture agreement with Beacon Capital related to MPG Beacon Venture, LLC (the "joint venture"). Under this agreement, the joint venture will continue to own One California Plaza, located in downtown Los Angeles, Cerritos Corporate Center, located in Cerritos, California, and Stadium Gateway, located in Anaheim, California (which is currently under contract for sale, subject to customary closing conditions). The new joint venture agreement provides for a three-year lockout period, during which time neither partner will have the right to exercise the marketing rights under the new joint venture agreement. The Company continues to maintain a 20% interest in the joint venture.
As of March 31, 2012 , our Operating Partnership indirectly owns whole or partial interests in 16 office properties, off-site parking garages, and on-site structured and surface parking (our "Total Portfolio"). We hold an approximate 88.7% interest in our Operating Partnership, and therefore do not completely own the Total Portfolio. Excluding the 80% interest that our Operating Partnership does not own in the joint venture, our Operating Partnership's share of the Total Portfolio is 9.9 million square feet and is referred to as our "Effective Portfolio." Our Effective Portfolio represents our Operating Partnership's economic interest in the office properties and parking garages from which we derive our net income or loss, which we recognize in accordance with U.S. generally accepted accounting principles ("GAAP"). The aggregate square footage of our Effective Portfolio has not been reduced to reflect our limited partners' 11.3% share of our Operating Partnership.
Common stock, 100,000,000 shares authorized;
at March 31, 2012