Broadway Partners hits $1b mark in assets.

Broadway Real Estate Partners, LLC announced that the company has surpassed $1 billion in assets purchased to date, which encompasses a commercial real estate portfolio of more than four million square feet of space.

This accomplishment was reached just four years after Broadway Partners' inception with the recent purchase of 1325 G Street in Washington, D.C.

These assets span across a number of the nation's top tier office markets including the New York metropolitan area; Washington, D.C.; Beverly Hills, California and Boca Raton, Florida. This past year, Broadway Partners also relocated its corporate headquarters from Greenwich, Connecticut to the Seagram Building located at 375 Park Avenue in New York City to enhance its operating platform in anticipation of continued growth in the marketplace.

"This is a reflection of the quality of investors, partners, and leadership we have attracted to our Company," said Scott Lawlor, chief executive officer of Broadway Real Estate Partners. "We are pleased that over the past four years we have been able to build an outstanding management team, amass an attractive asset base, and repeatedly exceed our investor's objectives. I am very excited about our continued success."

In addition to implementing its aggressive acquisition strategy, since 2000 Broadway Partners has grown its team from one employee to over one hundred. This expansion has included the creation of a fully integrated property management company as well as a number of formidable additions to its management team. Recent acquisitions to Broadway Partners' portfolio include 1325 G Street, a ten-story, 306,563-square-foot office building located in Washington, DC, acquired in July 2004; 9701 Wilshire Boulevard, a twelve-story 109,757-square-foot office building located in Beverly Hills, California, acquired in June 2004 and; 1200 Corporate Place, a four-story 128,959-square-foot office building located in Boca Raton, Florida, acquired in June 2004.

Charles E.F. Millard also joined as president of a new broker-dealer subsidiary that is under formation. This subsidiary will syndicate both equity and debt in Broadway Partners' real estate investments to private individuals, families and institutions. He is also a Managing Director of Broadway Real Estate Partners, LLC. Mr. Millard joined Broadway Partners from Lehman Brothers, where he served as a Managing Director and Head of Wealth Management Services. Previously, he was President of the New York City Economic Development Corp. under the administration of Rudolph Giuliani.

Brian Zilla joined Broadway Partners as Director of Asset Management and Scott Sorensen joined as Director of Acquisitions for the western United States from the Los Angeles based Douglas, Emmett and Company.