MPG Office Trust, Inc. (NYSE: MPG), a Southern California-focused real estate investment trust, announced the promotion of Mr. Christopher M. Norton to Executive Vice President, General Counsel and Secretary effective immediately.
Mr. Norton previously served as Senior Vice President, Transactions for the Company. Prior to joining MPG Office Trust, Mr. Norton was an attorney at Latham & Watkins LLP, where he served real estate clients, including MPG Office Trust, in the acquisition, financing and leasing of real property.
Mr. Jonathan L. Abrams, the Company’s former Executive Vice President, General Counsel and Secretary, who has been on medical leave for approximately three months, entered into a separation agreement with the Company on September 11, 2012. Pursuant to the agreement, Mr. Abrams will receive a single lump sum payment of $350,000 and reimbursement for COBRA health insurance coverage for up to 18 months.
Mr. David Weinstein, the Company’s President and Chief Executive Officer said, “Chris’ promotion to Executive Vice President, General Counsel and Secretary reflects the valuable contributions he has made to the Company over the past two years. We appreciate all of Jon’s contributions over the past five years and wish him well in his future endeavors.”About 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. MPG Office Trust, Inc. is a full-service real estate company with substantial in-house expertise and resources in property management, leasing and financing. For more information on MPG Office Trust, visit our website at www.mpgoffice.com. Business Risks This press release contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially. These risks and uncertainties include, without limitation: risks associated with our liquidity situation, including our failure to obtain additional capital or extend or refinance debt maturities; risks associated with our failure to reduce our significant level of indebtedness; risks associated with the timing and consequences of loan defaults and non-core asset dispositions; risks associated with our loan modification and asset disposition efforts, including potential tax ramifications; risks associated with our