Arden Realty, Inc. Announces the Sale of 5999 Center Drive at Howard Hughes Center.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--March 17, 2004

Arden Realty, Inc. (NYSE NYSE

See: New York Stock Exchange : ARI ARI Acute respiratory infection, see there ) today announced the sale of 5999 Center Drive at its Howard Hughes Center project located in West Los Angeles

West Los Angeles, Los Angeles, California, a neighborhood of Los Angeles
West Los Angeles (region), a popularly identified region of Los Angeles, incorporating the neighborhood above

for approximately $52.5 million. This property is a 161,650 square foot office building Arden developed as a build-to-suit for Univision Television Group in 2000.

With this sale, Arden has sold a total of 295,000 square feet of office properties for approximately $70 million in 2004.

Arden Realty, Inc. is a self-administered, self-managed REIT REIT

See: Real Estate Investment Trust

REIT

See real estate investment trust (REIT). that owns, manages, leases, develops, renovates and acquires commercial office properties located in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Arden is the largest publicly-traded office landlord in Southern California, with 128 properties, consisting of 210 buildings and approximately 18.6 million net rentable square feet of office space, including one property with 283,000 square feet under lease-up. For more information on the company, visit the Arden website at http://www.ardenrealty.com.

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Publication:	Business Wire
Date:	Mar 17, 2004
Words:	158
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