Maguire officials were unavailable for comment at press time,but the properties are Pacific Center, a 438,960-sf office site inMission Valley and Wateridge Plaza, 268,957 of trophy office spacein Sorrento Mesa. The buyer of the properties was not disclosed.The sale is expected to close during the second quarter 2007.

Maguire announced last month that the two San Diego area siteswould be among 11 of its office projects totaling 17 properties inSouthern California that would go on the block. The buildingsbecame part of a $2-billion dispositionstrategy for the REIT to reduce debt after its $3-billionpurchase of 8.1 million sf of former Equity Office Propertiesportfolio space from Blackstone.

"We remain focused on completing our acquisition of the EOPassets and lowering our debt levels to accomplish our balance sheetobjectives," says Robert F. Maguire III, chairman and CEO ofMaguire Properties, in a prepared statement. In an earlierGlobeSt.com story, Maguire said that the REIT's sale of the assets"will enable us to focus on a streamlined asset base in L.A.,Orange and San Diego counties, including our developmentpipeline."