NEW YORK, NY–(Marketwire – November 19, 2012) – Brookfield Office Properties Inc. today announced that One New York Plaza, the company’s 2.6-million-square-foot office building located at the southern tip of Manhattan, reopened for business on Saturday, November 17.
“Our property operations and maintenance personnel worked around the clock to remove all water, restore services and ready the building for our tenants’ safe return,” said Chief Executive Officer Dennis Friedrich. “Thanks to their hard work, One New York Plaza is back in business.”
Brookfield carries comprehensive property, casualty and flood insurance and full coverage of losses is anticipated. The storm will have no material financial impact on the company.
Brookfield is the largest office owner in Lower Manhattan with seven properties totaling 13 million square feet. The eight-million-square-foot World Financial Center complex retained power throughout the storm and was open for business on Wednesday, October 31. One Liberty Plaza, Brookfield’s other downtown asset, had its power restored and reopened on Friday, November 2.