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In December 2000, Electronic Arts entered into a second build -to -suit lease with a financial
<br />institution for a five year term from December 2000 to expand the Company's headquarters facilities
<br />and develop an adjacent property adding 326.149 square feet to its campus. Construction was
<br />completed in June 2002. Electronic Arts acmun: -d for this arrangement as in operating lease in
<br />accordance with SFAS No. 13, as amended. The Zacilities provide space for marketing, sales and
<br />research and development The Company has an option to purchase the property for $127,000,000 or,
<br />at the end of the lease, to arrange for (1) an extension of the lease or (2) sale of the property to a third
<br />party with the Company retaining an obligation to the owner for the difference between the sale price
<br />and the guaranteed residual value of up to $118,800,000 if the sales price is less than this amount,
<br />subject to certain provisions of the lease.
<br />Electronic Arts also owns a 49,000 square foot conference center that is subject to the lien of the
<br />special taxes.
<br />Electronic Arts creates, markets and distributes interactive entertainment software. Since its
<br />inception in 1982, Electronic Arts has developed products for 38 different computer hardware
<br />platforms, including IEM PC -CD and compatibles, 16 -bit Sega Genesis video game systems, 16 -bit
<br />Super Nintendo Entertainment System, Playstation, Nintendo 64 and Playstation IL As of March 31,
<br />2003, Electronic Arts had approximately employees, of which approximately were
<br />outside of the United States.
<br />Additional financial information for Electronic Arts can be found on its Form 10 -K filed with
<br />the SEC for the year ended March 31, 2003. Electronic Arts is traded on the NASDAQ (under the
<br />symbol "ERTS ").
<br />Equity Office Properties. Equity Office Properties ( "Equity") owns four Taxable Parcels in the
<br />District and is responsible for approximately 14% of the annual Special Taxes. One of the parcels
<br />contains a 200,000 square -foot office building known as Twin Dolphin Plaza, which was constructed
<br />in 1992 and is a six-story Class A office building managed by Equity. The second parcel is the site of a
<br />74,114 office building which is fully leased to Sega Inc. Equity additionally owns a 145,288 square foot,
<br />six story office building and a 194,712 square foot, eight -story office building on the remaining two
<br />parcels.
<br />Equity, a Maryland real estate investment trust, together with its consolidated subsidiaries,
<br />including EOP Operating Limited Partnership, a Delaware limited partnership ( "EOP Partnership *),
<br />was organized in 1996 and began operations in 1997. Equity owns substantially all of its assets and
<br />conduct all of its operations through EOP Partnership, which, though its various subsidiaries, is
<br />principally engaged in owning, managing, leasing, acquiring and developing office properties. Equity is
<br />the sole general partner of, and owned, at December 31, 2002, an approximate 89.1% interest in, EOP
<br />Partnership.
<br />At December 31, 2002, Equity had a portfolio of 734 office properties oomprising
<br />approximately 125.7 million square feet of commercial office space in 20 states and the District of
<br />Columbia, 77 industrial properties comprising approximately 6.0 million square feet and
<br />approximately 1.5 million square feet of office properties under development
<br />Equity's Internet site is at www.equityoffice.com. The website address is given for reference and
<br />convenience only, the information on the website may be incomplete or inaccurate and has not been
<br />reviewed by the City or the Underwriter. Nothing on the website is a part of this Official Statement or
<br />incorporated into this Official Statement by reference. Equity will provide to the public on its website,
<br />free of charge, its annual report on Form 10 -K, quarterly reports on Form 10 -Q, current reports on
<br />Form 8 -K, and amendments to those reports filed or furnished pursuant to Section 13(a) of the
<br />Exchange Act as soon as reasonably practicable after such material is electronically filed with, or
<br />furnished to, the SEC.
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