Deal Covers Prime Class A Properties in Major US Cities
CHICAGO, Nov. 11, 2014 /PRNewswire/ — ExteNet Systems, a leading provider of distributed networks enabling advanced mobile connectivity in commercial real estate, today announced a master agreement with Beacon Capital Partners, a leading urban office investor and operator, to deploy its distributed networks in 21 of Beacon's prime office properties across New York, Washington DC, Chicago, Denver and Seattle.
"At Beacon Capital Partners we are continuously exploring ways to provide superior infrastructure solutions for our tenants. The ability to differentiate ourselves and our buildings has been the foundation of our success from day one," said Sara Shank, Head of Portfolio Management for Beacon Capital Partners. "Delivering reliable advanced wireless connectivity to our tenants gives us a huge competitive edge and adds significant value to our portfolio. We chose to partner long-term with ExteNet based on its national footprint, technology agnostic approach to solving our problems and track record of success working with several high-profile properties, including the Empire State Building in New York."
As data and rich media consumption generated from smart connected devices continues to skyrocket, office buildings are increasingly faced with challenges in delivering reliable and high-performance mobile coverage and capacity. To fill coverage gaps and enable wireless carriers to deliver a superior mobile broadband experience to its tenants, Beacon Capital Partners will work with ExteNet to deploy its distributed networks in several landmark buildings in Beacon's portfolio, including Columbia Center in Seattle, Wells Fargo Tower in Denver, 180 N LaSalle in Chicago, and 32 Old Slip in New York.
Ross Manire, President and CEO of ExteNet Systems, stated, "While nearly 80 percent of mobile usage originates indoors, only a small fraction of commercial real estate buildings are currently covered by indoor wireless solutions to support the coverage and capacity needs of today's business users and enterprises. Smartphone and tablet usage are exhausting existing mobile networks. Streaming media and Bring Your Own Device (BYOD) are rapidly becoming the norm in the workplace." Manire added, "Offering tenants and guests advanced mobile connectivity and a superior mobile experience is essential for property owners and managers. ExteNet will actively engage wireless carriers to provide mobile connectivity in Beacon Capital Partners properties that will further distinguish its service for tenants and customers."
About ExteNet Systems, Inc.
Lisle, Ill.-based ExteNet Systems, Inc. designs, builds, owns and operates distributed networks for use by wireless carriers and venue owners in key strategic markets. Using distributed antenna systems (DAS), small cells, Wi-Fi and other technologies, ExteNet deploys networks to enhance coverage and capacity and enable superior wireless service in both outdoor and indoor environments. Primary markets addressed by ExteNet include outdoor distributed networks in a variety of densely occupied or heavily traveled settings, and a host of indoor verticals, including sports and entertainment venues, the hospitality industry, commercial buildings, and healthcare facilities. For more information, please visit www.extenetsystems.com.
"ExteNet®" is a registered trademark of ExteNet Systems, Inc.
About Beacon Capital Partners, LLC
Beacon Capital Partners, LLC ("Beacon") is a Boston-based real estate investment firm. Beacon and its predecessor companies have been actively involved in the real estate business for over sixty-five years and have an established reputation as a high-quality property owner, operator, and developer of urban office and mixed-use projects across the U.S. Beacon was formed in January 1998, following the merger of the predecessor public company, Beacon Properties Corporation, with Equity Office Properties Trust. Beacon has sponsored seven investment vehicles representing over $11 billion of aggregate equity capital from various endowments, foundations, pension funds, and other institutional investors. For more information, visit www.beaconcapital.com.
Media Contact:
Joel Staley
Edelman
407.242.9994
Email
Analyst Contact:
Manish Matta
ExteNet Systems
630.505.3846
mmatta@extenetsystems.com