``Meet Me at 800 South Hope''; Thomas Properties Group Debuts ``Meet-Me-Room'' at 800 South Hope -- A Powerful 3,000 Square Feet in Downtown L.A.Business Editors LOS ANGELES--(BUSINESS WIRE)--Sept. 19, 2001 Thomas Properties Group has just completed a state-of-the-art telecom co-location facility See telecom hotel. , or "Meet-Me-Room," at 800 South Hope Street in downtown Los Angeles Downtown Los Angeles is the central business district of Los Angeles, California, located close to the geographic center of the metropolitan area. The sprawling, multi-centered megacity is such that its downtown core is often considered just another district like Hollywood or . Situated on the downtown "fiber loop" and blocks from One Wilshire, L.A.'s telecom hub, the building provides a high level of connectivity to other telecom buildings. "In a mere 3,000 square feet we can accommodate more than 100 telecom tenants and provide them critical connections to other carriers that are the backbone of their businesses," said Mark R. Laderman, director in charge of the building for Thomas Properties Group Built to the highest standards, the new "Meet-Me-Room" provides access to multiple fiber-optic network providers including MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. WorldCom, the building's primary tenant, and current "Meet-Me-Room" tenants Verizon, Time Warner Telecom Time Warner Telecom NASDAQ: TWTC is headquartered in Littleton, Colorado. The company provides managed network services, specializing in Ethernet and transport data networking, Internet access, local and long distance voice, VoIP and security, to enterprise and Southern California Edison Southern California Edison (or SCE Corp), the largest subsidiary of Edison International (NYSE: EIX), is the primary electricity supply company for much of Southern California. It provides 11 million people with electricity. . Access to One Wilshire is provided through WilCon, the important fiber loop connection between telecom buildings in downtown Los Angeles. Thomas Properties Group acquired 800 South Hope Street on behalf of a pension fund client in October 2000 and immediately began design and development of the "Meet-Me-Room." The 251,417-square-foot, eight story building, is the former corporate headquarters of Bullock's Department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. . It was "over-engineered" when it was originally built in 1985, making it highly conducive to the needs of its current telecommunications tenants, specifically MCI WorldCom, which occupies 85 percent of the building, and Tel-X Communications. MCI WorldCom uses its 800 South Hope Street facility as a strategic termination point for its recently completed trans-Pacific fiber optic network. "With MCI WorldCom in the building, and the connectivity to One Wilshire and the fiber loop, 800 South Hope is positioned to be a major `pooling center' in downtown Los Angeles," noted Laderman. The "Meet-Me-Room" uses the latest technologies to provide a fail-safe operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. for tenants. Components include a pre-action fire suppression system Fire suppression systems are used in conjunction with smoke detectors and fire alarm systems to improve and increase public safety Types
Thomas Properties Group also manages and leases the building. More information is available at www.800southhope.com. Thomas Properties Group was founded in 1996 by the former co-managing partner of Maguire Thomas Partners, James A. Thomas. The firm acquires, develops and manages commercial real estate throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. for its own portfolio as well as third parties, which include institutional investors. Currently, the firm is focusing its activities on the West, Southwest, Southeast, Mid-Atlantic and Northeast regions. Thomas Properties Group owns and manages more than four million square feet of office and retail space with an additional five million square feet under construction or in predevelopment. Headquartered in Los Angeles, the firm also maintains offices in Philadelphia, Sacramento, Austin, Dallas and San Antonio. More information can be found at www.thomaspropertiesgroup.com. |
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