Maguire Properties Signs Approximately 100,000 Square Feet Lease with Hyundai

LOS ANGELES, Sept 16, 2008 - Maguire Properties, Inc. , a Southern California-focused real estate investment trust, announced today it has executed a new lease for Hyundai Motor Finance Company for approximately 100,000 square feet in the 3161 Michelson building in Park Place in Orange County, California. Hyundai is expected to occupy its new space in second quarter of 2009.

Designed by architect Richard Keating, the 3161 Michelson project is an architecturally significant, 20-story tower and features attractive freeway visibility with an unparalleled signage opportunity.

Mr. Nelson C. Rising, President and Chief Executive Officer, commented, “We are very pleased with the execution of this lease. Hyundai’s selection solidifies 3161 as the premier office building in Orange County and the first choice for firms wanting to be at the forefront of their industry to take advantage of extensive tenant amenities in an ideal location.”

Park Place is a 105- acre real estate campus project that is expected to be fully developed over the next four to six years. The mixed-use property which will include new office, hotel, new high-end residential units and expanded retail is located in the city of Irvine, adjacent to the Santa Diego 405 Freeway at Jamboree Road and Michelson Drive in the commercial center of Orange County

Hyundai was represented by the brokerage team led Mr. Donald Yahn, Director in Cushman & Wakefield’s Orange County office. Msrrs. Peter Johnston and Stefan Khudic and Ms. Cori Caso represented Maguire Properties in the transaction.