Maguire officials were unavailable for comment at press time, but the properties are Pacific Center, a 438,960-sf office site in Mission Valley and Wateridge Plaza, 268,957 of trophy office space in 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 sites would be among 11 of its office projects totaling 17 properties in Southern California that would go on the block. The buildings became part of a $2-billion disposition strategy for the REIT to reduce debt after its $3-billion purchase of 8.1 million sf of former Equity Office Properties portfolio space from Blackstone.

"We remain focused on completing our acquisition of the EOP assets and lowering our debt levels to accomplish our balance sheet objectives," says Robert F. Maguire III, chairman and CEO of Maguire Properties, in a prepared statement. In an earlier GlobeSt.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 development pipeline."