Technology

Maguire to close $225 million LA property deal.

Maguire Properties Inc. [MPG] is buying One California Plaza in Los Angeles from MetLife Inc.'s [MET] Metropolitan Life Insurance Co. for a total of $225 million.

CBR Staff Writer October 5, 2003

The Los Angeles-based company will fund the purchase with a seven-year $146.3 million mortgage from Metropolitan Life and cash.

The 42-story building in downtown Los Angeles has 975,000 square feet of office and retail space with 1,200 parking spots. The acquisition is expected to close in November.

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