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CORRECTING and REPLACING Brookfield Office Properties Awards Jones Lang LaSalle Exclusive Leasing Assignment for Iconic 50-Story Gas Company Tower in Downtown Los Angeles

Stocks in this article: BPO

The quote in the second graph of the release dated March 5, 2014 should read: "Carl and Hayley were selected for their breadth of knowledge in the Los Angeles regional marketplace, as well as for their expertise, follow through and ability to get complex deals done" (sted "Brookfield has worked with nearly every leasing team in downtown, be it office or retail, and ultimately selected Carl and Hayley for their expertise, follow through and ability to get complex deals done").

The corrected release reads:


In a strategic move for leasing in downtown Los Angeles, Brookfield Office Properties Inc. (NYSE:BPO)(TSX :BPO) today has awarded Jones Lang LaSalle's Los Angeles team of Carl Muhlstein and Hayley Blockley the exclusive leasing representation of the company’s iconic, 50-story high-rise known as The Gas Company Tower. The prestigious Skidmore, Owings & Merrill-designed, 1.4 million square-foot tower on Bunker Hill is one of the most architecturally distinctive landmarks on the downtown Los Angeles skyline.

“Carl and Hayley were selected for their breadth of knowledge in the Los Angeles regional marketplace, as well as for their expertise, follow through and ability to get complex deals done,” states John Barganski, Regional Vice President, Leasing for the Western Region of Brookfield Office Properties.

According to Muhlstein, “Being able to lease space within this vertical campus in downtown Los Angeles is a game-changing opportunity for tenants outside the downtown market. With rents at an all-time high in Silicon Beach and the lack of options for contiguous space available for large space users, The Gas Company Tower offers the highest quality opportunity for office space in downtown right now.” Muhlstein went on to note that, “Since 2010, nearly 475,000 square feet has been leased to tenants relocating to downtown Los Angeles from other markets. It’s a trend we see continuing and will actively cultivate with this incredible opportunity for space now available.”

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