TRZ Trizec Properties

Trizec Adds Respected Southern California Veteran to Serve Portfolio Needs; Continues Search for Head of Region Trizec Properties, Inc. (NYSE:TRZ) today announced the appointment of John R. Barganski as vice president, leasing of the company's Southern California Region, effective January 2006. Barganski, who possesses more than two decades of commercial real estate experience throughout Los Angeles and Orange County, will be responsible for leasing Trizec's expanding Southern California Region. Trizec recently announced plans to purchase 13 of Arden Realty's properties in a $1.63 billion transaction expected to close prior to the end of the second quarter 2006. Upon closing of this transaction, Trizec's local portfolio will nearly double in size to a total of 18 properties comprising more than 8.6 million square feet of office space concentrated in downtown Los Angeles, West Los Angeles and San Diego. "We identified Southern California as an attractive market with sound fundamentals, and an area where we'd like to grow. In the past 18 months, we've added two high-quality assets to our Southern California portfolio with Bank of America Plaza and Figueroa at Wilshire. Now, we've added another great asset to the company with the hiring of a strong leasing leader," said Bill Tresham, Trizec's executive vice president & chief operating officer. "With the Arden acquisition approaching, there couldn't be a more exciting time to bring on a respected professional to uphold Trizec's high-level of customer and broker service. John's knowledge of the market and proven track record as an equitable dealmaker will make him a good addition to our team." In his new position, Barganski will assume oversight of Trizec's leasing team in the Southern California Region. He will report to Tresham, in a new regional structure for Trizec which adds Southern California to its three other regions, including the Eastern, Central and Southwest Regions. Meanwhile, Trizec continues its search for a regional head of the Southern California Region, to whom both Barganski and Patrick Lacey, Trizec's vice president and general manager-operations, will eventually report. "I'm proud to be joining the Trizec team and this will be a wonderful opportunity to be working again in downtown Los Angeles, where I worked for 15 years, and a great challenge to expand into West Los Angeles and San Diego once the Arden transaction is completed," said Barganski. "Over the years I have formed a number of great working relationships and friendships with brokers and major tenants in Southern California. It is important for me to be part of an organization, like Trizec, that values and prioritizes those long-term relationships that ultimately tie to leasing successes." Barganski joins Trizec from C.J. Segerstom & Sons, where for the past six years he oversaw leasing and marketing as the director of the two-million-square-foot The Offices of South Coast Plaza complex in Orange County, Calif. His vast experience in the commercial real estate industry also has included positions as partner/vice president-marketing and leasing with PacTen Partners in Los Angeles, director-agency leasing group with Cushman & Wakefield in Los Angeles, vice president-marketing and leasing with Premisys in Los Angeles, marketing-leasing director for Citicorp Plaza & 777 Tower in Los Angeles, and as a broker with Grubb & Ellis in Los Angeles. A graduate of the University of Southern California, Barganski holds a bachelor of science degree in real estate finance, as well as a certificate from USC's inaugural real estate development program. Barganski is a member of the Urban Land Institute (ULI) and a member of the National Association of Office and Industrial Properties (NAIOP). Trizec Properties, Inc., a real estate investment trust (REIT) headquartered in Chicago, is one of the largest owners and operators of commercial office properties in the United States. The Company has ownership interests in and manages a high-quality portfolio of 49 office properties totaling approximately 36 million square feet concentrated in the metropolitan areas of seven major U.S. cities. The Company trades on the New York Stock Exchange under the symbol TRZ. For more information, visit Trizec's Web site at www.trz.com or call toll free at 1 (800) 891-7017.