Equity Office Executes First Lease at 1095 Avenue of the Americas; Dechert LLP Commits to Long-Term Lease

"Dechert is a growing international firm, and 1095 Avenue of theAmericas is ideal for our New York office," said Thomas Munno,managing partner of Dechert's New York office. "It is a premier, ClassA building, with striking views and a first-rate ownership/managementteam."

"We are pleased to welcome Dechert as the first official customerof our newly developed building at 1095 Avenue of Americas," saidEquity Office's executive vice president of development, Robert J.Winter, Jr. "Dechert's decision to relocate its NYC headquarters tothis trophy asset speaks directly to the allure of the Sixth Avenuecorridor, and our commitment to making 1095 Avenue of the Americas thepre-eminent business address in Midtown Manhattan."

The redevelopment of 1095 Avenue of the Americas includes afull-building exterior re-clad, expanded two-story lobby, new elevatorcabs including controls and modernization, a sky lobby on the 23rdfloor, redesigned retail space, updated common areas, and a renovated14,000-square-foot plaza. The project also features new buildingsystems, and window retrofits, which will enable energy and operatingcost savings. In addition, floor reconfigurations will addapproximately 45,000 usable square feet to the building.

"Demand for top-quality office space in Midtown Manhattancontinues to outpace supply," noted Michael Berman, vice president,leasing for Equity Office's New York portfolio. "The few large blocksstill available are in high demand."

Mr. Berman along with a team of senior brokerage professionalsfrom CB Richard Ellis, including Robert Alexander, Robert Stillman,Zachary Freeman, Brian Hay and Scott Bogetti represented Equity Officein the transaction.

The Cushman & Wakefield brokerage team representing Dechert in thetransaction included Mitchell Konsker, Matthew Astrachan, PaulGlickman and Robert Gallucci.

"This deal was completed because both sides worked amicablytogether throughout the transaction," said Matthew Astrachan, anexecutive vice president at Cushman & Wakefield. "This was a highlycomplex process, which required creativity to resolve all the issueswith respect to a building undergoing a complete retrofit," addedMitchell Konsker, an executive vice president at Cushman & Wakefield.

About Equity Office

Equity Office Properties Trust (NYSE:EOP), operating through itsvarious subsidiaries and affiliates, is the nation's largest publiclyheld office building owner and manager with a total office portfolioconsisting of whole or partial interests in 595 buildings comprising109.9 million square feet in 16 states and the District of Columbia.Equity Office has an ownership presence in 23 Metropolitan StatisticalAreas (MSAs) and in 100 submarkets, enabling it to provide a widerange of office solutions for local, regional and national customers.For more company information visit the Equity Office website athttp://www.equityoffice.com.

About Dechert

Dechert is an internationally recognized law firm, with more than950 lawyers in 17 offices throughout the United States, the UnitedKingdom and Europe. Founded in 1875, the firm's top-ranked practicesinclude corporate and securities, litigation, finance and real estate,financial services and asset management.

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), a FORTUNE 1000 companyheadquartered in Los Angeles, is the world's largest commercial realestate services firm (in terms of 2005 revenue). The Company servesreal estate owners, investors and occupiers through more than 350offices (including affiliate and partner offices) worldwide. CBRichard Ellis offers strategic advice and execution for property salesand leasing; corporate services; property, facilities and projectmanagement; mortgage banking; investment management; appraisal andvaluation; and research and consulting. Founded in 1906, CB RichardEllis marks a century of excellence in real estate services this year.For more information, visit www.cbre.com.

About Cushman & Wakefield

Founded in New York City in 1917, Cushman & Wakefield is thelargest New York-based commercial real estate firm and the preeminentglobal real estate services provider. From its Midtown Manhattan worldheadquarters, the firm operates more than 192 offices in 58 countriesaround the globe and employs more than 11,000 professionals. Inaddition to office brokerage, Cushman & Wakefield maintains one of theindustry's strongest retail services groups. The firm is New YorkCity's largest property manager, with more than 52 million square feetof property under management through its Asset Services division. Thecompany is a leader in investment sales, valuation, research and otheradvisory services, available through the company's Corporate Servicesgroup or directly through the firm's Advisory Group. Cushman &Wakefield maintains eight full-service offices in the New York/NewJersey region. In addition to Midtown and Downtown Manhattan, Cushman& Wakefield maintains leading metropolitan area offices in Stamford,Conn., White Plains and Melville, N.Y., East Rutherford, Edison andParsippany, N.J. To find out more about Cushman & Wakefield, visit thefirm's Web site at www.cushwake.com.