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Real Estate Investment Trust MPG
July 7,2010: MPG Office Trust, a Southern California-focused real estate investment trust, announced today it has executed a lease renewal with Southern California Gas Company (The Gas Company) for approximately 350,000 square feet at The Gas Company Tower in Downtown Los Angeles.
“We’re pleased to announce our continued commitment to the city of Los Angeles and to a vibrant downtown community,” said Michael W. Allman, president and chief executive officer of The Gas Company. “Our 1,300-plus employees based here enjoy the central location, proximity to public transportation, and all the services and conveniences that Downtown Los Angeles has to offer.”
Nelson C. Rising, president and chief executive officer of MPG Office Trust, Inc., commented, “We are extremely pleased with the renewal of this highly valued tenant. Southern California Gas Company was the original tenant and we are delighted they have elected to remain with us. Their decision to remain in The Gas Company Tower exemplifies Downtown Los Angeles as a premier office environment offering extensive transportation options, residential opportunities, cultural amenities and a supportive business environment.”
About MPG Office Trust, Inc.
MPG Office Trust 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 is a full-service real estate company with substantial in-house expertise and resources in property management, marketing, leasing, acquisitions, development and financing.
About Southern California Gas Company
Southern California Gas Co. has been delivering clean, safe and reliable natural gas to its customers for more than 140 years. It is the nation’s largest natural gas distribution utility, providing safe and reliable energy to 20.5 million consumers through 5.7 million meters in more than 500 communities. The company’s service territory encompasses approximately 20,000 square miles in diverse terrain throughout Central and Southern California, from Visalia to the Mexican border. The Gas Company is a regulated subsidiary of Sempra Energy. Sempra Energy, based in San Diego, California, is a Fortune 500 energy services holding company.
SOURCE: MPG Office Trust, Inc.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. MPG Office Trust Signs Lease Renewal with Southern California Gas Company is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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