FOR THE FIFTH CONSECUTIVE YEAR, BENTALL KENNEDY, THROUGH ITS WORK ON BEHALF OF MEPT, WAS AWARDED THE ENERGY STAR PARTNER OF THE YEAR AWARD BY THE U.S. ENVIRONMENTAL PROTECTION AGENCY (EPA) IN MARCH.
In addition, Bentall Kennedy received the prestigious Sustained Excellence Award for the third year in a row...

IN JANUARY, MEPT RECEIVED TOTAL GROSS PROCEEDS OF $91.3 MILLION FOR THE SALE OF TWO ASSETS IN SUBURBAN LOS ANGELES —CORPORATE POINTE AND DEVRY AT WEST HILLS.
MEPT targeted the 11-building, 987,428 square-foot office park in the northwest San Fernando Valley for sale because it was not a long-term strategic asset for the portfolio and had low occupancy...

IN FEBRUARY, MEPT RECEIVED TOTAL GROSS PROCEEDS OF $59.5 MILLION FOR THE DISPOSITION OF CABRILLO TECHNOLOGY CENTER IN SAN DIEGO.
MEPT built the 285,585 square-foot office building in 1999 and the property performed well for the Fund over the years...


MEPT Sells Greenspoint Office Park for $23.5M
Multi-Employer Property Trust sold three office buildings in Hoffman Estates, IL, to the Teachers Retirement System of Illinois for $23.5 million, or approximately $47 per square foot…

MEPT Gains $105M Loan for 200 W. Madison Tower
Multi-Employer Property Trust has gained $105 million in financing for the 45-story 200 West Madison office tower from Prudential Mortgage Capital Co.…

Sales
Multi-Employer Property Trust announced the purchase of Parkway Village, a 134,000-square-foot shopping center…Parkway Village is 96 percent leased to 29 tenants and is anchored by Kroger…

In 2002, MEPT acquired sought-after land in downtown Washington, DC, located in close proximity to the Senate and Congressional buildings, transit hubs, and numerous hotels/restaurants in order to develop an office complex. The Patriots Plaza Complex was designed as a one million square foot, three building office complex, built with post-September 11 security features, including enhanced setbacks, blast-resistant windows and reinforced structural elements, which would make the buildings more desirable to potential government tenants in the DC market. MEPT completed Patriots Plaza I, a 280,001 square foot, twelve-story office building, in 2005. After completion, the building successfully attracted interest from the General Services Administration, and is now 100 percent leased to a number of government tenants including the US Department of Health and Human Services and the Federal Emergency Management Agency (FEMA). Based on the success of the Phase I, in 2007, MEPT commenced with Patriots Plaza Phase II and III, encompassing 701,115 square feet in two buildings. MEPT generated over 4.6 million job hours for members of the local Building Trades on the shell-complete construction of the three phases.In addition to the post-9/11 security features, Patriots Plaza II and III achieved LEED® Core and Shell Gold Certification. In the fourth quarter of 2009, Patriots Plaza II and III were shell complete and MEPT signed the largest lease of 2009 in Washington DC at Patriots Plaza III. The US Department of Agriculture (USDA) agreed to a long-term lease for 330,000 square feet. Both assets with their appealing location, post-9/11 security features, and energy-efficient design should continue to attract other tenants looking for modern, Class A, LEED-certified office space in the Washington, DC market.