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FOR IMMEDIATE RELEASE
Contact: Andrew Brodeur, 978.692.1963
Global Tower Partners to Market and Lease Rooftop Access to Wireless Carriers for Properties Owned by Equity Office
Addition Enhances GTP’s Growing Master Leased Rooftop Portfolio.
BOCA RATON, FL, May 1, 2007 – Global Tower Partners (GTP) announced today it has signed a definitive agreement with Equity Office, a Chicago-based real estate company, to market and manage access to more than 175 of their office properties to wireless carriers.
“The Equity Office properties represent a premier set of urban and suburban commercial assets in some of the most attractive U.S. markets,” said Marc C. Ganzi, chief executive officer, Global Tower Partners. "We are very pleased to assist the professionals at Equity Office in maximizing the wireless access potential of their real estate portfolio.”
“With the continued growth in wireless services, effective telecom marketing and rooftop management can provide another source of operating revenue in our real estate programs,” said Shahid Javed, vice president of procurement and national property operations for Equity Office. “Working with GTP, a respected supplier of this specialized management service, will allow us to enhance the value delivered by our properties.”
“The properties owned by Equity Office complement our existing rooftops in many of our highest growth markets,” said Andrew Brodeur, vice president of real estate for GTP. "We also expect these properties to offer additional solutions to our wireless provider customers by enhancing their coverage and network quality in these growing markets."
With the addition of the Equity Office properties, GTP will own, manage and master lease over 8,475 sites throughout the United States, including over 2,600 owned communications towers.
About Global Tower Partners
Global Tower Partners (http://www.gtpsites.com), based in Boca Raton, Florida, is one of the leading providers of outsourced antennae site facilities to the wireless communications industry in the United States. GTP's business includes the ownership, development, leasing and management of antennae sites on towers and commercial real estate rooftops. GTP owns, manages or master leases more than 8,300 wireless sites, including 2,500 owned towers throughout the United States. GTP's customers are leading wireless communications providers including Sprint-Nextel, Cingular Wireless, T-Mobile USA, Verizon Wireless, Alltel, Cricket Communications, Centennial Wireless and Dobson Communications.
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