Portfolio
Brookfield Properties' portfolio is distinguished by the size, quality and prime location of its landmark properties. Its Class A, "trophy" assets are situated in the central business districts of major North American cities:| Region | Total Area (000,000's Sq. Ft.)* |
|---|---|
| New York Downtown | 14.0 |
| New York Midtown | 6.6 |
| Boston | 2.3 |
| Washington, D.C. | 6.6 |
| Houston | 9.1 |
| Los Angeles | 10.8 |
| Toronto | 9.1 |
| Calgary | 6.9 |
| Ottawa | 2.8 |
| Denver | 1.8 |
| Minneapolis | 3.1 |
| Other | 1.6 |
| Total | 74.5 |
(* excludes developments)
Top Tenants
From the World Financial Center in New York to Brookfield Place in Toronto, from Bankers Hall in Calgary to Bank of America Plaza in Los Angeles, Brookfield Properties' premier portfolio attracts prime tenants. Brookfield Properties' top tenants are major financial, energy sector and professional services corporations which have the highest credit ratings:
- Merrill Lynch1
- Chevron USA Inc.
- Wachovia Securities, LLC2
- CIBC World Markets Corp.3
- RBC Financial Group
- Bank of Montreal
- Petro-Canada
- JP Morgan Chase Bank
- Goldman Sachs
- Target Corporation
- Devon Energy Production Company
-
Imperial Oil
(1) Merrill Lynch leases 4.6 million square feet in the World Financial Center ("WFC"), of which it occupies 2.8 million square feet with the balance being leased to various subtenants ranging in size up to 500,000 square feet. Of this 2.8 million square feet, 1.9 million is in 4 WFC, in which Merrill Lynch has a 49% interest, and 0.9 million is in 2 WFC, in which Merrill Lynch has an effective 25% interest through zero-coupon notes.
(2) Wachovia leases 1.4 million square feet at One New York Plaza, of which it occupies 148,000 square feet with the balance being leased to five subtenants ranging in size up to 756,000 square feet.
(3) CIBC leases 1,094,000 square feet at 300 Madison Avenue in New York, of which it subleases 925,000 to PriceWaterhouse Coopers.