with tenant like Wells Fargo MPG and similar MPG looks good
MPG Office Trust, Inc. (MPG), a Southern California focused real estate investment trust, announced that it has executed a lease renewal with Wells Fargo Bank at Wells Fargo Tower in the Bunker Hill area of downtown Los Angeles.
Wells Fargo Bank agreed to a ten-year lease renewal for the entirety of its current office, retail and museum space totaling approximately 291,000 square feet. Wells Fargo has the option, exercisable over the next three years, to contract its office space by 89,000 square feet. Wells Fargo also has the option, exercisable over the next two years, to expand its office space by 25,000 square feet.