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Equity Office Names Peyton ``Chip'' Owen Jr. Chief Operating Officer; REIT Taps Former COO at Jones
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01/16/2005
CHICAGO--Oct. 8, 2003--Equity Office Properties Trust (NYSE: EOP) has named Peyton "Chip" Owen Jr., 46, executive vice president and chief operating officer (COO), effective October 20, 2003. Mr. Owen will be responsible for Equity Office's regional operations and functional areas such as leasing, marketing and real estate services, including procurement.
He formerly served as COO for Jones Lang LaSalle's Americas Region, which comprised 100 markets in the United States, Canada and Mexico. He held this position for more than four years, overseeing Investor Services and Corporate Solutions. These departments included the areas of leasing, property management, tenant representation, facility management, project management, and capital markets. During this period, Mr. Owen oversaw the implementation of infrastructure improvements, such as standardized processes, new technologies and compliance measurements.
"Chip is an excellent addition to our team," commented Richard D. Kincaid, Equity Office's president and chief executive officer. "His real estate experience and corporate management skills will complement our existing in-house expertise. He is a seasoned office industry professional who has a track record of empowering his teams to achieve strong performance."
Mr. Owen served Jones Lang LaSalle and its predecessor, LaSalle Partners, for more than 19 years. Prior to his role as Americas COO, he oversaw the leasing and management for a 200 million-square-foot portfolio. During his tenure at the company, Mr. Owen also served as chief of staff for management services, and regional leasing director for the Chicagoland area.
He holds a master's degree from the University of Virginia (UVA) Darden Graduate School of Business Administration, and a bachelor's degree in mechanical engineering, also from UVA.
Equity Office Properties Trust (NYSE:EOP), operating through its various subsidiaries and affiliates, is the nation's largest publicly held office building owner and manager with a portfolio of 721 buildings comprising 124.4 million square feet in 19 states and the District of Columbia. Equity Office has an ownership presence in 30 Metropolitan Statistical Areas (MSAs) and in 133 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 Web site at http://www.equityoffice.com.
