Lease for 151,000 Square Feet at One World Financial Center
NEW YORK--(BUSINESS WIRE)--Jan. 7, 2004
Brookfield Properties Corporation (NYSE:BPO)(TSX:BPO)
today announced that Dow Jones & Company has signed a 15-year lease
renewal at One World Financial Center, encompassing 151,000 square
feet on floors 9, 10 and 11.
Dow Jones & Company publishes the world's most vital business and
financial news and information including The Wall Street Journal, the
world's leading business publication.
"We are delighted that one of the pillars of Wall Street, Dow
Jones, has chosen to remain at the World Financial Center," said Ric
Clark, President & CEO of Brookfield Properties Corp. "Dow Jones has
resided in Lower Manhattan since 1882, and was one of the original
tenants at the World Financial Center. We look forward to their
renewed commitment and to witnessing with them the continued
revitalization of Lower Manhattan during the upcoming years."
Jeremiah Larkin, Director of Leasing, Ed Hogan, V.P., Leasing, and
Dennis Friedrich, President & COO of Brookfield U.S., handled the
transaction for Brookfield. James P. Quinn and Duncan McCuaig of
Cushman & Wakefield represented Dow Jones & Company.
One World Financial Center is the southernmost of the four unique
office towers designed by Cesar Pelli comprising the landmark World
Financial Center complex that includes extensive public spaces and the
spectacular Winter Garden. Completed in 1985, One World Financial
Center is a 40-story tower with over 1.6 million square feet of
rentable area, and home to prestigious firms such as Dow Jones &
Company, Fidelity Investments and Deloitte. One World Financial Center
is connected to the rest of the World Financial Center complex through
a pedestrian bridge over Liberty Street, leading to the Winter Garden,
outdoor Plaza and shops and restaurants.
Brookfield Properties Corporation, with a stock market value of $9
billion in assets, owns, develops and manages premier North American
office properties. The Brookfield portfolio comprises 47 commercial
properties and development sites totaling 46 million square feet,
including landmark properties such as the World Financial Center in
New York City and BCE Place in Toronto. Brookfield is inter-listed on
the New York and Toronto Stock Exchanges under the symbol BPO. For
more information, visit the Brookfield Properties Web site at
Brookfield Properties Corporation
Melissa Coley, 212-417-7215
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