'We Build the Buildings for the High Tech Companies That Build the Internet'
CUPERTINO, Calif., March 29 /PRNewswire-FirstCall/ -- Mission West Properties, Inc. (AMEX:MSW)(PCX:MSW) has filed with the Securities and Exchange Commission a registration statement relating to the public offering of up to 86,088,095 shares of common stock which we may issue to the holders of units of limited partnership interests, or O.P. units, in our four controlled operating partnerships, in exchange or redemption for an equal number of O.P. units under the terms of existing agreements between us and these holders. We are registering these shares of common stock at the request of the holders in order to permit them to sell the shares without restriction, in the open market or otherwise from time to time. However, the registration of such shares does not necessarily mean that any of the O.P. units will be submitted for exchange or redemption or that any of the shares of common stock to be issued in exchange or redemption for the O.P. units will be offered or sold by the selling stockholders. This is not an underwritten offering.
The securities described in this notice of a proposed offering may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This notice of proposed offering is not an offer to sell these securities and it is not soliciting an offer to buy the securities in any state where the offer or sale is not permitted.
Mission West Properties, Inc., operates as a self-managed, self-administered and fully integrated REIT engaged in the management, leasing, marketing, development and acquisition of commercial R&D properties, primarily located in the Silicon Valley portion of the San Francisco Bay Area. Currently, the Company manages 109 properties totaling approximately 7.9 million square feet. For additional information, please contact Carl Berg, Investor Relations at 408-725-0700.
The matters described herein contain forward-looking statements. Such statements can be identified by the use of forward-looking terminology such as "will," "anticipate," "estimate," "expect," "intends," or similar words. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the Company's control which may cause material differences in actual results, performance or other expectations. These factors include, but are not limited to, the ability to complete acquisitions under the Company's Berg Land Holdings Option Agreement with the Berg Group, changing economic and real estate industry conditions, leasing risk, rollover risk, tenant credit risk, interest rate risk, and other factors detailed in the Company's registration statements, and periodic filings with the Securities & Exchange Commission. DATASOURCE: Mission West Properties, Inc.
CONTACT: Carl Berg, Investor Relations of Mission West Properties, Inc., +1-408-725-0700 Web site: http://www.missionwest.com/
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