MPG Office Trust, Inc. (NYSE: MPG), a Southern California-focused real estate investment trust, announced today that it has executed a new lease with the international law firm of Akin Gump Strauss Hauer & Feld LLP for approximately 25,000 square feet in the 72-story U.S. Bank Tower in Downtown Los Angeles, California. Akin Gump is expected to occupy its new space in the third quarter of 2011.
Mr. David L. Weinstein, President and Chief Executive Officer, commented, “We are excited to welcome Akin Gump to Downtown Los Angeles. This lease reflects our ongoing efforts to attract the highest quality tenants to U.S. Bank Tower.”
John A. Karaczynski, the firm’s Los Angeles managing partner in charge, remarked, “We are pleased to expand our presence in Los Angeles with office space Downtown. U.S. Bank Tower offers a strategic location for our project finance practice that is convenient for our clients. We look forward to continuing our growth in the LA market, both in Downtown and Century City.”
Akin Gump was represented by Msrrs. Andrew Lustgarten and Michael Catalano of Studley. Msrrs. Peter Johnston, Pat McRoskey and Josh Wrobel represented MPG Office Trust in the transaction.About U.S. Bank Tower At 1,375,000 square feet, U.S. Bank Tower is the tallest building west of the Mississippi and a key icon of the Downtown Los Angeles skyline. Designed by world-renown architect I.M. Pei, the prestigious tower dominates the Downtown skyline and offers tenants stunning and unparalleled views of Southern California. U.S. Bank Tower is strategically located that offers exceptional freeway and public transportation access, proximity to the Walt Disney Concert Hall, the Museum of Contemporary Art, the Colburn School of Performing Arts and the soon to be constructed Broad Art Museum. MPG Office Trust, Inc. 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. For more information on MPG Office, visit the Company’s website at www.maguireproperties.com. Akin Gump Strauss Hauer & Feld LLP Founded in 1945, Akin Gump Strauss Hauer & Feld LLP, a leading international law firm, numbers more than 850 lawyers in the United States, Europe, Asia and the Middle East. The firm established a Los Angeles office in Century City in 1997 and will open a Downtown office in September 2011. The attorneys in Los Angeles concentrate on complex litigation, mergers and acquisitions, project finance, corporate finance, film finance, transportation finance, labor and employment, financial restructuring, tax, environmental, natural resources and land, and real estate matters. The firm works with companies in a broad range of industries, including entertainment and media, renewable energy, transportation, insurance, technology, retail, manufacturing, petrochemical, food, restaurant and hospitality.
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Check Out Our Best Services for Investors
Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.