Global Tower Partners Secures New Management and Right to Lease Agreement With Hudson Pacific Properties
Global Tower Partners today announced it will market Hudson Pacific Properties' locations as prospective collocation sites for wireless carriers.
BOCA RATON, FL (PRWEB) June 25, 2012
Global Tower Partners (GTP) announced today it has signed an agreement with Hudson Pacific Properties to manage and lease 15 properties to wireless telecommunications carriers. GTP will market Hudson Pacific Properties’ locations as prospective collocation sites for wireless carriers and utilities.
“These properties represent key suburban and urban rooftop locations in a very populous region of the country,” said Jim McCulloch, GTP’s Vice President, Real Estate. “We are ecstatic to work with Hudson Pacific Properties to maximize the wireless access potential of its real estate portfolio in San Francisco, Los Angeles, Orange County, and San Diego. These properties complement our existing rooftops in one of our highest growth markets.”
“The addition of the Hudson Pacific Properties portfolio continues to make GTP an ideal one-stop shop for carriers, enhancing their coverage and network quality in key California markets,” added Joanna Langridge, GTP’s Senior Director, Real Estate.
Hudson Pacific Properties’ selection of GTP to manage their portfolio is further validation of GTP as the leading rooftop and access leasing management company in the country.
About Global Tower Partners
Global Tower Partners (http://www.gtpsites.com), based in Boca Raton, Florida, is one of the leading providers of outsourced antenna site facilities to the wireless communications industry in the United States. GTP’s business includes the ownership, development, leasing and management of antenna sites on towers and commercial real estate rooftops. GTP owns, manages, or master leases more than 15,000 wireless sites. GTP’s customers are leading wireless communications providers including AT&T, Sprint-Nextel, Verizon Wireless, T-Mobile USA, Leap Wireless, Clearwire, US Cellular, Metro PCS, Claro and Telefonica.
About Hudson Pacific Properties
Hudson Pacific Properties, Inc. is a full-service, vertically integrated real estate company focused on owning, operating and acquiring high-quality office properties and state-of-the-art media and entertainment properties in select growth markets primarily in Northern and Southern California. The Company’s strategic investment program targets high barrier-to-entry, in-fill locations with favorable, long-term supply-demand characteristics in select target markets, including Los Angeles, Orange County, San Diego and San Francisco. The Company’s portfolio currently consists of approximately 4.7 million square feet, not including undeveloped land that the Company believes can support an additional 1.4 million square feet, and will consist of approximately 5.0 million square feet, not including undeveloped land, upon completion of the pending acquisition of the previously announced Olympic Bundy Media Campus. The Company has elected to be taxed as a real estate investment trust, or REIT, for federal income tax purposes. Hudson Pacific Properties is a component of the Russell 2000® and the Russell 3000® indices. For additional information, please visit http://www.hudsonpacificproperties.com.
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