Equity Office Completes $1.9 Billion of Investment Activity in Fourth Quarter 2006

  
    
  
  
    
      Equity Office (NYSE:EOP) announced today the completion of $1.9 billion 
      of investment activity in fourth quarter 2006, including dispositions 
      totaling $1.4 billion or 6.5 million square feet, and acquisitions 
      totaling $479.6 million or 1.3 million square feet. The quarterly 
      activity brings the company’s full-year 
      investment activity total to $3.6 billion, including $2.2 billion or 
      11.7 million square feet in dispositions, and $1.4 billion or 3.6 
      million square feet in acquisitions.
    
    
      The following table lists the transactions that closed during the fourth 
      quarter. Square footage reflects Equity Office’s 
      effective ownership.
    
    
      
        
          Property
        
        
          Market
        
        
          
            SquareFootage
          
        
        
          
            ClosingDate
          
        
      
      
        
          
            DISPOSITIONS
          
        
        
           
        
        
           
        
        
           
        
      
      
        
          Cerritos Towne Center
        
        
          Los Angeles
        
        
          461,794 
        
        
          10/27/06 
        
      
      
        
          LaSalle Plaza
        
        
          Minneapolis
        
        
          588,908 
        
        
          11/15/06 
        
      
      
        
          Tri-State International
        
        
          Chicago
        
        
          546,263 
        
        
          12/5/06 
        
      
      
        
          Watergate Office Towers
        
        
          Oakland
        
        
          1,171,820 
        
        
          12/8/06 
        
      
      
        
          Presidents Plaza
        
        
          Chicago
        
        
          818,712 
        
        
          12/12/06 
        
      
      
        
          200 West Adams
        
        
          Chicago
        
        
          677,222 
        
        
          12/13/06 
        
      
      
        
          Denver Corporate Center II&III
        
        
          Denver
        
        
          375,139 
        
        
          12/14/06 
        
      
      
        
          The Quadrant
        
        
          Denver
        
        
          317,218 
        
        
          12/14/06 
        
      
      
        
          Metropoint I&II
        
        
          Denver
        
        
          414,389 
        
        
          12/14/06 
        
      
      
        
          4949 South Syracuse
        
        
          Denver
        
        
          62,633 
        
        
          12/14/06 
        
      
      
        
          Terrace Building
        
        
          Denver
        
        
          115,408 
        
        
          12/14/06 
        
      
      
        
          Millennium Plaza
        
        
          Denver
        
        
          330,033 
        
        
          12/14/06 
        
      
      
        
          3280 E. Foothill Blvd
        
        
          Los Angeles
        
        
          150,951 
        
        
          12/19/06 
        
      
      
        
          Central Park Plaza
        
        
          San Jose
        
        
          304,241 
        
        
          12/21/06 
        
      
      
        
          20-32 Perimeter
        
        
          Atlanta
        
        
          176,143 
        
        
          12/28/06 
        
      
      
        
          The John Hancock Complex (1)
        
        
          Boston
        
        
          - 
        
        
          12/28/06 
        
      
      
        
          Total
        
        
           
        
        
          6,510,874 
        
        
           
        
      
      
        
        
        
        
        
        
        
           
        
      
      
        
        
        
        
        
        
        
           
        
      
      
        
          
            ACQUISITIONS (2)
          
        
        
           
        
        
           
        
        
           
        
      
      
        
          Wachovia Financial Center
        
        
          Miami
        
        
          574,401 
        
        
          10/3/06 
        
      
      
        
          Columbia Center
        
        
          Seattle
        
        
          774,854 
        
        
          11/30/06 
        
      
      
        
          124 West 42nd Street
        
        
          New York
        
        
          - 
        
        
          12/8/06 
        
      
      
        
          Total
        
        
           
        
        
          1,349,255 
        
        
           
        
      
    
    
      (1) Equity Office owned an 8.1% interest in The 
      John Hancock Complex.
    
    
      (2) Equity Office acquired a 50% interest in 
      Wachovia Financial Center. The building’s 
      total square footage is 1,148,801. EOP also acquired the remaining 49.9% 
      interest in Columbia Center, and now owns 100% of this asset, which 
      totals 1,552,813 square feet. Equity Office acquired the remaining 25% 
      interest in 124 West 42nd Street, and now owns 
      100% of the asset.
    
    
      Equity Office Properties Trust, operating through its various 
      subsidiaries and affiliates, is the nation's largest publicly held 
      office building owner and manager with a total office portfolio 
      consisting of whole or partial interests in 543 buildings comprising 
      103.1 million square feet in 16 states and the District of Columbia, as 
      of December 31, 2006. Equity Office has an ownership presence in 24 
      Metropolitan Statistical Areas (MSAs) and in 98 submarkets, enabling it 
      to provide a wide range of office solutions for local, regional and 
      national customers. For more company information visit the Equity Office 
      website at http://www.equityoffice.com.
    
    
      Forward Looking Statements
    
    
      This release includes certain “forward-looking 
      statements” within the meaning of the Private 
      Securities Litigation Reform Act of 1995. These forward-looking 
      statements are based on management’s present 
      expectations and beliefs about future events. As with any projection or 
      forecast, these statements are inherently susceptible to uncertainty and 
      changes in circumstances. Important factors that could cause actual 
      results to differ materially from those reflected in such 
      forward-looking statements and that should be considered in evaluating 
      this release and the outlook of Equity Office include, but are not 
      limited to, changes in economic, business and competitive conditions, 
      and other factors affecting the operation of the business of Equity 
      Office. These and other risks and uncertainties are detailed from time 
      to time in Equity Office’s filings with the 
      SEC, including its Form 10-K filed on March 15, 2006, as amended by Part 
      II – Item 1A of our Form 10-Q filed on August 
      8, 2006. Equity Office is under no obligation, and expressly disclaims 
      any obligation, to update or alter its forward-looking statements, 
      whether as a result of changes, new information, subsequent events or 
      otherwise.