Deal Brings The WSJ Office Network to more than 13.5 million square feet of office properties in Dallas and Houston CHICAGO, Sept. 30
CHICAGO, Sept. 30 /PRNewswire/ -- The Wall Street Journal Office Network
(The WSJ Office Network) today announced it has signed agreements with The
Moinian Group/SMA Equities and Crescent Real Estate Equities to expand the
network to an additional 13.5 million square feet of Texas-based properties.
The Moinian Group/SMA Equities will install The WSJ Office Network in two
of their trophy buildings. Properties include Renaissance Tower, the second
largest office building and the third largest in the state of Texas and 2100
Ross Avenue, both located in the Central Business District of Dallas.
Buildings affiliated with Crescent Real Estate Equities that will feature
The WSJ Office Network include Houston Center, Greenway Plaza and Post Oak
Central in Houston and Trammell Crow Center in Dallas.
These agreements will expand The Network's overall national footprint to
more than 187 million square feet, reaching an audience of 2.7 million per
month.
Developed by Office Media Network and Dow Jones & Company, The WSJ Office
Network delivers up-to-the-minute news, building communications and digital
advertising through high-definition flat screens located in the lobbies,
common areas and elevators of premier office buildings across the country.
"The Moinian Group/SMA Equities and Crescent Real Estate Equities are
among the nation's top commercial real estate owners in major markets
particularly in New York, Chicago, Denver and Miami as well as Houston and
Dallas," said Jim Harris, chief executive officer, Office Media Network. "We
are extremely pleased to work with these marquee players and enhance their
properties with the gold standard in business news."
"The WSJ Office Network will provide tenants and visitors of The Moinian
Group/SMA Equities and Crescent properties, a unique and innovative amenity
and a tool to enhance tenant communication and safety procedures," Harris
added.
Elizabeth Corbell, Crescent's Director of Marketing and Customer Relations
noted, "The installation of The WSJ Office Network underscores Crescent's
commitment to providing our tenants with cutting-edge amenities that they've
come to expect from our company. We immediately saw the value The WSJ Office
Network could provide to our business from enhancing tenant communications and
life safety procedures, to helping us earn points toward Green LEED
certification. This is a service that goes way beyond an amenity -- it is a
powerful management tool and a way to advance innovation in our portfolio."
The Moinian Group/SMA Equities chose The WSJ Office Network as the
information and building communication system best-suited to its properties'
distinctive design elements.
"We pride ourselves in providing our tenants and visitors with amenities
that reflect the trophy status of our portfolio," said Sina Mahfar, president
and chief executive officer, SMA Equities. "Just as important, The Wall Street
Journal Office Network will compliment the design of Renaissance Tower and
2100 Ross Avenue."
About The Wall Street Journal Office Network
The Wall Street Journal Office Network is the leading business news-
oriented tenant communication network, broadcasting up-to-the-minute news from
The Wall Street Journal-including market indexes, weather, and scrolling
headlines-on digital LCD screens in the lobbies, elevators and other common
areas of top office buildings. The service also provides building owners with
an effective tool to communicate important announcements to tenants and
visitors regarding building related events, maintenance and security.
About Office Media Network
Office Media Network (http://www.officemedia.com), developer of The WSJ
Office Network, is a leading place-based integrated marketing and
communications company. OMN creates and manages solutions to support the
needs of real estate owners and their customers, by combining advanced
technology and world-class content. The company has installed or has
commitments to install its service in almost 700 top office properties in 14
U.S. markets -- including New York, Chicago, Los Angeles, Boston, and
Washington, D.C. -- in such high profile buildings as The Chicago Board of
Trade, One Montgomery Street in San Francisco, Thanksgiving Tower in Dallas,
Tabor Center in Denver and 11 Madison Avenue in Manhattan.
About Crescent Real Estate Equities
Crescent Real Estate Equities Limited Partnership is headquartered in Fort
Worth, Texas. Through its subsidiaries and joint ventures, Crescent owns and
manages a portfolio of 44 premier office buildings totaling more than 20
million square feet located in select markets across the United States with
major concentrations in Dallas, Houston, Denver, Miami and Las Vegas. Crescent
also holds investments in resort residential developments in locations such as
Scottsdale, AZ; Vail Valley, CO; and Lake Tahoe, CA and in the wellness
lifestyle leader, Canyon Ranch(R). For more information, visit Crescent's Web
site at http://www.crescent.com.
About The Moinian Group
The Moinian Group, New York, is one of the country's largest privately
held real estate firms, owns and manages over $8 billion in assets. Currently,
The Moinian Group holds a portfolio of more than 20 million square feet of
office, residential, retail and hotel properties throughout the U.S. and
abroad, including 13 million square feet in Manhattan. The company has the
most extensive private acquisitions in the country, including trophy buildings
like the Downtown Club in lower Manhattan, formerly known as the Downtown
Athletic Club and home to the Heisman Trophy, Atelier at Hudson Yards, the
Sears Tower in Chicago and Continental Towers at 180 Maiden Lane in Downtown
Manhattan.
MEDIA INQUIRIES: Tim Grace Emily Edmonds
Financial Relations Board Dow Jones & Company
O: 312-640-6667O: 212-416-2635
tgrace@frbir.com emily.edmonds@dowjones.com
SOURCE The Wall Street Journal Office Network
