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CT Partners become city slickers.


Broadway Real Estate Partners, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 has relocated its corporate headquarters from Greenwich, Connecticut Greenwich is a town in Fairfield County, Connecticut, United States. As of the 2000 census, the town had a total population of 61,101. It is home to many hedge funds and other financial service companies that have left Manhattan. Of the $1.  to the 21st floor of the Seagram Building located at 375 Park Avenue in New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
. The relocation took place during the first quarter of 2004.

"As we embark on a significant expansion strategy, this headquarters move to New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 is part of our focused strategy of building our internal infrastructure and investing in our operating platform," stated William Scully.

"In order for Broadway to attract the highest caliber professionals, expand our capital base and target future acquisitions, it was important to establish a presence in the business capital of the world. We are excited about our future growth plans at Broadway."

In 2003, Broadway Partners acquired approximately $300 million in assets, raised over $80 million of private equity from its over 180 private and institutional investors and secured over $250 in debt financing Debt Financing

When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay
.

In addition, Broadway Partners launched Broadway Real Estate Services, LLC, its property management subsidiary, which had over 2.3 million square feet under management at year-end.

Several key hires in 2003 included Jonathon Yormak, executive vice president and general counsel; Rick Serrapica, COO of Broadway Real Estate Services; and Bill Culkin, controller.
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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 2, 2004
Words:200
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