GGP Ggp Inc. (delisted)

Chicago-based General Growth Properties, Inc. (NYSE:GGP), owner and manager of the South Street Seaport in Lower Manhattan, announced today it has opened a New York office at Wall Street Plaza, 88 Pine Street. The Pine Street office staffs a full team of General Growth management, marketing, and leasing personnel for its New York and New Jersey properties. "Our presence in the New York market has grown tremendously over the past year with the acquisition of six properties in New York and New Jersey and we are actively exploring additional opportunities," said John Bucksbaum, chief executive officer of General Growth Properties. "Our commitment to this region, and particularly to New York City and the redevelopment of the South Street Seaport, necessitates that we have a physical presence and on-site senior staff. We are excited to have our offices located in Lower Manhattan and to be a part of the Lower Manhattan redevelopment." The General Growth Properties New York City market portfolio includes the following properties: -- NEW YORK: South Street Seaport (Manhattan); Staten Island Mall (Staten Island) -- NEW JERSEY: Bridgewater Commons (Bridgewater); Paramus Park (Paramus); Willowbrook Mall (Wayne); Woodbridge Center (Woodbridge) "New York is not only the financial capital of the world, it's also the retail capital," said Bob Michaels, president and chief operating officer of General Growth Properties. "Having a regional office in Manhattan demonstrates an even larger commitment on General Growth's part to our retailers. The proximity allows our team to build and foster current and future partnerships with New York-based retailers." ABOUT GENERAL GROWTH PROPERTIES, INC. General Growth Properties, Inc. is the second largest U.S.-based publicly traded Real Estate Investment Trust (REIT). General Growth currently has an ownership interest in or management responsibility for a portfolio of more than 200 shopping malls in 44 states, as well as ownership in planned community developments and commercial office buildings. The portfolio totals approximately 200 million square feet of retail space and includes more than 24,000 retail stores nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit the Company Web site at http://www.generalgrowth.com.