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MPG Office Trustas Gas Company Tower Captures Prestigious Industry Award

^{Published on 2011-10-28 15:27:34 - Market Wire}
 

LOS ANGELES--([ BUSINESS WIRE ])--MPGOfficeTrust, Inc. (NYSE: MPG), a SouthernCalifornia-based real estate investment trust, today announced that The Gas Company Tower, the iconic office tower in downtown Los Angeles, captured a prestigious TOBY award in annual judging by the Building Owners and Managers Association (BOMA) of Greater Los Angeles.

The TOBY (The Outstanding Building of the Year) program recognizes quality and excellence in daily management of office buildings. TOBY awards are considered the most prestigious recognition in the commercial real estate industry. In judging properties, all facets of a buildingas operations are involved, including operational efficiency, tenant relations program, amenities package, community involvement, emergency evacuation procedures, building standards, accessibility and overall exceptional service.

The Gas Company Tower received its TOBY award in the category for buildings measuring over 1 million square feet. The building comprises approximately 1.4 million of rentable square feet.

Designed by Richard Keating and Skidmore, Owings & Merrill LLP, the 52-story trophy tower was completed in 1991. The Gas Company Tower is located at Grand Avenue and Fifth Street, with easy freeway access and is conveniently situated within a short walk of all major restaurants, hotels, entertainment options and amenities.

About MPGOfficeTrust, Inc.

MPGOfficeTrust, Inc. is the largest owner and operator of Class A office properties in the LosAngeles central business district. MPGOfficeTrust, Inc. is a full-service real estate company with substantial in-house expertise and resources in property management, marketing, leasing and financing. For more information on MPGOfficeTrust, 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: risks associated with the availability and terms of financing; risks associated with the timing and consequences of loan defaults and related asset dispositions; risks associated with our loan modification and asset disposition efforts, including potential tax ramifications; risks associated with our liquidity situation; general risks affecting the real estate industry (including, without limitation, the inability to enter into or renew leases at favorable rates, dependence on tenantsa financial condition, and competition from other developers, owners and operators of real estate); risks associated with our dependence on key personnel whose continued service is not guaranteed; risks associated with increases in interest rates, volatility in the securities markets and contraction in the credit markets affecting our ability to extend or refinance existing loans as they come due; risks associated with the continued or increased negative impact of the current credit crisis and global economic slowdown; risks associated with joint ventures; risks associated with our ability to dispose of properties, if and when we decide to do so, at prices or terms set by or acceptable to us; risks associated with contingent guaranties by our Operating Partnership; risks associated with our potential failure to qualify as a REIT under the Internal Revenue Code of 1986, as amended, and possible adverse changes in tax and environmental laws; and potential liability for uninsured losses and environmental contamination.

For a further list and description of such risks and uncertainties, see our Annual Report on Form 10-K filed on March 16, 2011 with the Securities and Exchange Commission. The Company does not update forward-looking statements and disclaims any intention or obligation to update or revise them, whether as a result of new information, future events or otherwise.