SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 19, 2011
THOMAS PROPERTIES GROUP, INC.
(Exact name of registrant as specified in its charter)
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| Delaware | | 0-50854 | | 20-0852352 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (I.R.S. Employer Identification Number) |
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515 South Flower Street, Sixth Floor Los Angeles, California | | 90071 |
| (Address of principal executive offices) | | (zip code) |
(Registrant's telephone number, including area code)
213-613-1900
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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| £ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| £ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| £ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| £ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 2.01 Disposition of Assets
On December 19, 2011, TPG/CalSTRS, LLC, a joint venture between Thomas Properties Group, L.P. (an affiliate of Thomas Properties Group, Inc. ("TPGI")) and the California State Teachers' Retirement System, completed the sale of the 421,859 square foot property known as Centerpointe I & II in Fairfax, Virginia. The sales price was $128.7 million and the purchaser was credited with cash proceeds of $3.0 million to fund certain post-closing capital improvements. TPGI's share of the net proceeds from the sale is approximately $5.3 million after closing costs and repayment of mortgage debt.
The press release announcing the transaction is included as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
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Exhibit No. | Description |
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| 99.1 - | Press Release of Thomas Properties Group, Inc. dated December 20, 2011 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| THOMAS PROPERTIES GROUP, INC. |
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| /s/ Diana M. Laing |
| Diana M. Laing |
| Chief Financial Officer |
December 21, 2011
