Mission West Properties, Inc. Declares Dividend of $.15

Mission West Properties, Inc. MSW announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.15 per common share payable on January 6, 2011 to all common stockholders of record on December 31, 2010. The dividend is equivalent to an annual rate of $0.60 per share, which represents an 8.9 percent annualized yield based on the latest closing price of $6.72 per share.