Max Fitness was represented in this transaction by Brian Petruska
of The Petrus Group
and Karen May of GVA Advantis. For additional information on CarrAmerica,
including space availability
, visit our web site at
http://www.carramerica. The New York State
Division of Housing and Community
Renewal (DHCR) worked closely with the
tenant groups and purchasing team to complete the transaction
. "It is due to
the visionary leadership of Governor George Pataki, the hard work of the
residents
and the private companies that have joined together to make this
possible.
renter bargains
newscom.C.3 million square
feet. CarrAmerica's
markets include Austin, Chicago, Dallas, Denver, Los Angeles, Orange County,
Portland, Salt Lake City, San Diego, San Francisco Bay Area, Seattle and
metropolitan Washington
, D. Our goal is to increase that
water savings number to more than 300 million gallons.com
Bronx Borough President Adolfo Carrion, Jr.Information for those living in apartments, condominiums
and co-ops.
signing tenant
"
"Part of what makes Mac-Gray unique within the commercial laundry industry
is
our strong commitment to the environment," MacLellan continued. Mac-Gray contracts its
laundry rooms
under long-term leases.com. led the elected officials of
the Bronx, including New York State Senator
Reuben Diaz and New York State
Assemblyman Reuben Diaz, Jr., as well as New York City Council Members
Annabel
Palma and Carmen Arroyo, in supporting the project.wanna decide
Atlantic Trust Group, Inc.
EarthLink
was represented in this transaction by Kevin Howard of Grubb +
Ellis.com
Jim Buckley
Executive Vice President
Sharon Merrill Associates, Inc.
617-542-5300
Email: jbuckley@investorrelations., which provided debt.decorating ops
, CarrAmerica owns, directly or through
joint
ventures, 31 office buildings containing over 6 million square feet."
The rebates are available
for qualified units placed in operation in
apartments, condos, co-ops, laundromats or colleges and
universities.
About Mac-Gray Corporation
Founded in 1927, Mac-Gray derives its revenue
principally through the
contracting of card- and coin-operated laundry facilities in multiple housing
facilities such as apartment buildings, college and university residence
halls, condominiums and
public housing complexes.decorate evaluate
" Mr. Apollo is actively
seeking all types of creative residential opportunities
in New York and is
planning on investing more than $1 billion in all property types in the New
York
metropolitan region over the next three years. and internationally.suited evaluate
(Logo: http://www.
Max Fitness LLC has signed a lease for 19,824 square feet on the B-1, 1st
and 2nd floors of 575
Seventh Street and is expected to occupy its space in
July 2006. MicroFridge(R) also has entered
into agreements
with Maytag Corporation to market Maytag's Magic Chef(R), Amana(R) and
Maytag
(R) lines of home appliances under its MaytagDirect(TM) program
throughout the United States. (HSI
), a non-profit housing developer, with Ramius Capital
Group and Morgan Stanley Mortgage Capital,
Inc.decorate stored
The tenant was represented by Audrey Cramer of Cushman and
Wakefield.; Rosa Mexicano, a New
York-based, white-
tablecloth Mexican restaurant; Entertainment Software Association; Chevy Chase
Bank; and Camille's, an upscale sandwich shop.Apollo Real Estate Advisors Housing and Services
Inc. and Partnership Team Acquire Lafayette-Morrison + Lafayette-Boynton Rental Properties In Soundview
Sect
Apollo joined HSI, which was engaged by tenants to assist in acquiring the
properties
with the goal of converting them to affordable cooperatives for the
existing tenant base, consisting
primarily of working families with incomes
between $30,000 and $60,000 per year.cheaply suited
Bevirt added, "Terrell
Place, with its unique
historic facades complemented by striking new architecture, has been a
prominent
force in the renaissance of the Seventh Street Corridor. has signed a lease for 3,614 square feet on
the
4th floor of 575 Seventh Street and occupied its space in early February of
this year. Terrell
Place is comprised
of three connected components: the historic former Hecht's building anchoring
the Seventh and F corner, adjoined to the south along Seventh Street by a new
nine-story structure
incorporating four historic facades, and connecting to
the east to a new 11-story tower fronting
F Street., Mac-Gray Corporation
(NYSE: TUC), the nation's premier provider of laundry facilities
management
services to multi-unit housing locations including apartment properties,
condominiums
, military housing and hotels, and the nation's largest provider
of these services to college and
university residence halls, today announced
it has established a corporate goal of saving its customers
300 million
gallons of water each year. NEW YORK, Apollo Real Estate Advisors and Housing
and
Services, Inc.P.suited renter
We're
pleased that these new tenants have chosen to be a part of Terrell Place
's
thriving, 24-hour environment. At Mac-Gray we support that
legislative agenda and have been
preparing to meet those higher standards for
a long time," said MacLellan. MicroFridge(R) and Maytag
(R) products bear the
ENERGY STAR(R) designation.evaluate disguising
, David Bevirt, commented, "With these new leases
in place, Terrell Place
is now 89% committed. has signed a lease for 16,461 square feet on the 2nd
floor
of 575 Seventh Street and is expected to occupy its new space in early April
of 2006.
To help achieve that goal, the Company has
introduced rebates of up to $350 per unit on
select high-efficiency commercial
washers.
"The innovative structure of this deal, which is
designed to provide
affordable housing to New Yorkers, is a first, as it is 100% privately
financed
, involving no direct public funds," said James Simmons, Apollo
partner.
"With the critical help
of Borough President Adolfo Carrion and state Housing
Commissioner Judy Calogero, Ms.
Apollo
Real Estate Advisors is one of the most active and prominent
opportunistic real estate investors
in the U.S.ops balcony
com/cgi-bin/prnh/19990820/CRELOGO )
CarrAmerica Senior Vice President of Leasing for
Metropolitan Washington,
D. We currently operate more
than 35,000 high-efficiency washers across
the United States.
suited wanna
C. The company has become one of America's leading
office companies
by meeting the needs of its customers with superior service,
a large portfolio of quality office
properties and extraordinary development
capabilities.
"The program is extremely beneficial
to existing and prospective Mac-Gray
customers who will have state-of-the-art, water and energy-saving
commercial
washers installed in their laundry rooms, receive a sizable rebate per machine
and
lower their overall operating costs," said Neil MacLellan, chief operating
officer for Mac-Gray.
decorating suited
Except for a
condominium interest sold to AARP, the building is owned by a joint venture
between
CarrAmerica and a client of JPMorgan Fleming Asset Management.
Other Terrell Place tenants include
anchor tenant Venable LLP, which
leases 263,000 square feet; The Staubach Company; the government
relations
office of Wal-Mart Stores, Inc.decorating renter
CarrAmerica Announces Four New Leases at Terrell Place in
Washington D.C.
EarthLink has signed a lease for 2,499 square feet on the 3rd floor of 575
Seventh Street and plans to occupy its space in the third quarter of 2006.
Located at the
southeast corner of Seventh and F Streets, Terrell Place is
a 476,000-square-foot office and retail
complex.
CarrAmerica owns, develops and operates office properties in 12 markets
throughout
the United States.macgray.com or by calling the Company's sales department at
800-298-1022 ext.
Mac-Gray's laundry facilities business
consists of approximately 45,000 multi-housing laundry rooms
located in 40
states and the District of Columbia. Apollo
specializes in adding value to under
managed and distressed properties in
major urban areas that are trading at a discount to their intrinsic
value,
offering opportunities for the firm to enhance value through its operational
and financial
management.renter signing
In 2005, AARP purchased an
approximately 82,000-square-foot condominium interest in
the 650 F Street
component of Terrell Place for expansion from its adjacent headquarters
building
at 601 E Street. Currently, CarrAmerica and its affiliates own, directly or
through joint ventures
, interests in a portfolio of 285 operating office
properties, totaling approximately 26. Working
in conjunction
with state and local officials, the partners plan to convert the properties to
affordable
coops for existing tenants. The
acquisition culminates 15 years of tenant commitment to maintain
the 1,865
units, which include one-, two- and three-bedroom apartments, some with
terraces, as
quality affordable housing."
"This was a long and complicated negotiation that has ended with
the best
possible result for the 1,865 families in these apartment buildings -- they
will get
to keep their homes at an affordable price and build their future
financial stability at the same
time," said Claire Haaga, President of Housing
and Services, Inc.
"The tenants' association
, led by Doris White, has been a model for the
rest of the city in improving and maintaining these
buildings," Haaga said.
apartment locators
CarrAmerica also leases and manages Terrell Place. "Based on a conservative
estimate of two cycles a day
per washer, our clients can decrease their water and utility costs by
more
than $100 annually per high-efficiency machine installed.
Located southeast of the intersection
of the Bruckner Expressway and the
Bronx River Parkway and overlooking Soundview Park, the properties
collectively contain 1. "Apollo's involvement in this project is part of our ongoing
strategy
to focus investment on the affordable and middle-income housing
market in New York, which we believe
is underserved.bargains apartment
Through those
machines, we estimate that we are currently saving customers approximately
250
million additional gallons of water annually. "Over the next decade, there will be significant
changes to the
commercial laundry space due to increased political awareness that the public
can
benefit from regulating energy consumption of commercial washing machines,
similar to residential
washing machines.belongings ops
"
Haworth, Inc.C.Mac-Gray Celebrates 'Earth Day' with Corporate Initiatives
Focused on Saving 300 Million Gallons of Water Each Year
The program, available only for a limited
time, is being offered
through Mac-Gray's partnership with Maytag Corporation (NYSE: MYG).hiding cheaply
374.
In financing the acquisition, Apollo
partnered with Ramius Capital Group, which co-invested equity
, and Morgan
Stanley Mortgage Capital, Inc. Topics will be living in a small space, gardening on a
balcony, roommates, and etc.
wanna stored
WASHINGTON, CarrAmerica Realty
Corporation (NYSE: CRE) today announced
the signing of four leases totaling
42,398 square feet at Terrell Place in Washington, D. Haworth
was represented in this transaction by Ed Gilpin of Lincoln
Properties. "In fact,
we are the
only laundry facilities contractor that has been designated as an
ENERGY STAR(R) PARTNER by the Department
of Energy. The products are marketed throughout the United States to
colleges, the federal government
for military housing, hotels and motels, and
assisted living facilities.4 million square feet of
residential space."
Bronx Borough President Adolfo Carrion stated, "I congratulate the tenants
of Lafayette-Morrison + Lafayette-Boynton for their years of hard work in
stabilizing and improving
the 1,865 units over the last twelve years, which
they will have the opportunity to individually
purchase in the near future. I
have supported the tenants' efforts with the assistance of Housing
and
Services Incorporated, a non-profit affordable housing provider, and with the
development
and financial assistance from Apollo Real Estate Advisors LP, a
New York City based firm, to bring
them one step closer to achieving the
American dream of homeownership.disguising roommate
In metropolitan Washington
, D.com. For
more information about the rebate program, please visit Mac-Gray's website at
http:
//www. These leases typically grant Mac-Gray
exclusive contract rights to laundry rooms on the lessor
's premises for a
fixed term, which is generally seven to 10 years, in exchange for a negotiated
portion
of the revenue collected., have acquired Lafayette
Morrison and Lafayette Boynton Housing Corporations
, a complex of eight,
19-story apartment buildings with 1,865 residential units in the Soundview
section
of the Bronx, for approximately $100 million."
About Apollo Real Estate Advisors, L.signing decorate
The
Company also backs Congress' efforts to advance energy
legislation with a strong emphasis on energy
efficiency and conservation,
including tax incentives for the production and sale of high-efficiency
appliances.
Mac-Gray also sells, services and leases commercial laundry equipment to
commercial
laundromats and institutions through its product sales division. White and her neighbors can look forward
to a
better life."
"We are very pleased that the residents of Lafayette Boynton and Lafayette
Morrison are able to stay under the umbrella of affordable housing for the
next 40 years and own
their own buildings," said Judith Calogero, Commissioner
of the New York State Division of Housing
and Community Renewal.bargains evaluate
This division also includes the Company's MicroFridge(R) business, where Mac
-
Gray sells its proprietary MicroFridge(R) line of products, which are
combination refrigerators
/freezers/microwave ovens utilizing patented Safe
Plug(TM) circuitry. To learn more about Mac-Gray
, visit the Company's
website at http://www.bargains renter
C.Offers Rebates for High-Efficiency Washing Machines;
Environmentally Friendly
Washers Also Provide Mac-Gray Customers With Significant Savings on Water
and
Utility Costs
CAMBRIDGE, Mass.
On a related
front, Mac-Gray aggressively supports the Department of
Energy's recently proposed ENERGY STAR(R
) clothes washer criteria which will
lead to highly water-and-energy efficient commercial clothes
washers beginning
in 2007.macgray.
Contacts:
Neil MacLellan
Chief Operating
Officer
Mac-Gray Corporation
617-492-4040
Email: nmaclellan@macgray.bargains balcony
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