Carpenters Purchase Office Site at Stapleton

February 23, 2012 Office/Flex No Comments

News Release

Contacts:
Tasha Jones
Brookfield Properties
(303.382.1800)

Randy Sowell
Southwest Regional Council of Carpenters
rsowell@swcarpenters.org

DENVER, Feb 23, 2012 — Forest City (now Brookfield Properties) announced today it has sold a site for an office and training facility in Stapleton’s Enterprise Park to the Southwest Regional Council of Carpenters.

John S. Lehigh, president of Forest City Stapleton, Inc. (now Brookfield Properties), master developer for the former airport, said the 13 acre parcel of land is on the north side of 40th Avenue, directly west of the Enterprise Park buildings housing other tenants that include SMA Solar and USBank.

“The Southwest Regional Council of Carpenters made the right choice when they chose Stapleton for their office and training facility,” Lehigh said.  “Stapleton offers businesses excellent freeway visibility, easy access to interstates and public transportation and diverse, flexible real estate options—all of which is just minutes from Downtown Denver and Denver International Airport.  When the ribbon was cut on the new Central Park Blvd interchange on I-70 late last year, we opened another door to one of the region’s most exciting office locations and sent the message that Stapleton is truly ‘business ready.’”

“This is a great addition to the next phase of our development,” Lehigh added. “Stapleton is Denver’s fresh, new business address.”

“We think this is a great location for our new facility,” said Mike McCarron, Executive Secretary-Treasurer of the Southwest Regional Council of Carpenters.  “We are looking forward to building our newest training center here in Denver because it is an important resource for carpenters and contractors alike.”

Among the diverse group of business or government interests who have chosen Stapleton for their office location are the Denver Division of the Federal Bureau of Investigation, the A.F.
Williams Family Medical Center, The United Air Lines Flight Training Facility and Nobel Sysco.

About Stapleton
Stapleton is Denver’s premier sustainable community and one of the largest urban infill projects in the United States. It is being created on the site of the Denver’s former airport, which was decommissioned in the mid-1990s. Rather than following conventional suburban models that contribute to sprawl, Stapleton integrates “New Urbanist” concepts with the very best features of traditional city life, together with a network of open spaces, parks, schools, community centers, and supporting retail and office to create a true live/work environment.

ABOUT BROOKFIELD PROPERTIES

Brookfield Properties is a fully-integrated, global real estate services company, providing industry-leading portfolio management capabilities across the real estate investment strategies of Brookfield Asset Management — a global alternative asset manager with over $330 billion in AUM*.

Brookfield Properties develops and manages premier real estate with a focus on maximizing the tenant experience in addition to the investment and operational performance of the asset. We also focus on integrating leading-edge real estate technologies which enables us to be at the forefront of innovation and sustainability – benefiting not only our tenants and business partners, but also the communities in which we operate.

For more information about our approach to operating and developing best-in-class real estate, please visit www.brookfieldproperties.com.

*Please note: AUM numbers will change with each quarterly earnings call and should matchbrookfield.com. $330B is current.

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