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In Brief | REAL ESTATE

Thomas Properties, UBS in deal

June 03, 2008|From Times Staff and Wire Reports

Thomas Properties Group Inc. said it had made an agreement with a UBS Wealth Management fund to jointly spend more than $250 million on office properties across the country.

Los Angeles-based Thomas Properties will pay 15% of the cost of each purchase and manage the buildings.

The company's target markets include Los Angeles, Orange County, San Diego, San Francisco, Washington, Seattle, Denver, Houston and Austin, Texas.

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