• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

Wall Street Journal Office Network Expands Texas Footprint Through Agreements With The Moinian Group/SMA Equities and Crescent Real Estate Equities

Posted on: Tuesday, 30 September 2008, 09:00 CDT

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: 312-640-6667 O: 212-416-2635 tgrace@frbir.com emily.edmonds@dowjones.com

The Wall Street Journal Office Network

CONTACT: Tim Grace of Financial Relations Board, +1-312-640-6667,tgrace@frbir.com, for The Wall Street Journal Office Network; or Emily Edmondsof Dow Jones & Company, +1-212-416-2635, emily.edmonds@dowjones.com

Web site: http://www.officemedia.com/http://www.crescent.com/

Source: PRNewswire

More News in this Category