Prime Group Cites Suit Over Merger Pact

Prime Group Realty Trust, a Chicago-based office real estate investment trust, has reported that Prime/Mansur Investment Partners has filed a lawsuit against it in connection with the recent termination of a merger agreement between the two parties.The suit, filed in Maryland State Court, alleges that Prime Group "wrongfully terminated and otherwise breached the previously announced merger agreement with Prime/Mansur on November 9, 2004," Prime Group said. The REIT said it will continue to pursue a lawsuit it filed last December in Maryland State Court asking for the merger agreement to be terminated. Prime Group will also continue exploring other "strategic alternatives," the REIT said. Mansur Investment Partners did not return a call seeking comment on the suit by MortgageWire's deadline.