Central Parking Awarded Brookfield Properties' Minneapolis Portfolio

Central Parking Corporation announced that it has been selected by Brookfield Properties to operate Brookfields Minneapolis parking portfolio.
The portfolio is comprised of three parking facilities with a total of 1,387 spaces that serve the City Center, Gaviidae Common and Dain Rauscher properties. Two of the facilities offer valet parking. Central Parking assumed management of the facilities on August 1, 2007.

City Center includes 1,082,000 square feet of office space and 370,000 square feet of retail space. The project also houses the Minneapolis Marriott at City Center, a 584 room, full-service hotel. Gaviidae Common is a five-level, 443,000 square foot retail center spanning two half-blocks on Nicollet Mall in the heart of downtown. The center is anchored by Neiman Marcus and Off Fifth - Saks Fifth Avenue Outlet. Dain Rauscher is a mixed-use office and retail development in the Minneapolis financial district on Nicollet Mall. The projects 40-story office tower consists of 593,000 square feet and is connected to Gaviidae Common.

We are very pleased to have this opportunity to expand our strategic relationship with Brookfield Properties, one of the premier real estate companies in North America, said Emanuel J. Eads, President and Chief Executive Officer. Central Parking offers real estate firms with parking assets a number of competitive advantages, including centralized reporting of all locations managed by Central, effective operational and financial controls, consistent audit programs, technological capability and innovation, and an experienced, well-trained, professional management team.

Eads added, With the addition of Brookfields Minneapolis portfolio, we now manage a total of 27 facilities for Brookfield. The award of this additional portfolio is a strong endorsement of our ability to manage the complex operations of large parking facilities serving high profile, mixed use developments.

Brookfield Properties is one of North America's largest commercial real estate companies. Brookfield Properties owns, develops and manages premier office properties. The portfolio is comprised of interests in 113 office properties totaling 75 million square feet in the downtown cores of New York, Boston, Washington, D.C., Los Angeles, Houston, Toronto, Calgary and Ottawa. Landmark assets include the World Financial Center in Manhattan, BCE.

About Central Parking Corporation

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and transportation-related services. As of June 30, 2007, the Company operated approximately 3,000 parking facilities containing 1.4 million spaces at locations in 37 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Colombia, Peru, Spain, Switzerland and Greece.
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