OnSite Access will wire 16 SL Green properties.OnSite Access, a leading provider of commercial high-speed Internet See broadband. and telecommunications services In telecommunication, the term telecommunications service has the following meanings: 1. Any service provided by a telecommunication provider. 2. , has announced an agreement with SL Green, 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 City's first office REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). , to build and manage advanced communications infrastructure within its portfolio of buildings. OnSite Access will wire 16 SL Green properties, consisting of 5.5 million square feet, and offer state-of-the-art voice, data and Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the connectivity services to SL Green tenants. The agreement between SL Green and OnSite Access anticipates the increasing need by tenants for high-end, feature rich communications services which are cost-effective. By working with OnSite Access, SL Green will upgrade the technological infrastructure within 16 of its portfolio buildings without incurring in·cur tr.v. in·curred, in·cur·ring, in·curs 1. To acquire or come into (something usually undesirable); sustain: incurred substantial losses during the stock market crash. 2. any costs for wiring or for supplying connectivity services. OnSite Access will underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue. The word underwrite has two meanings. the entire cost of wiring the buildings, and work with tenants to create custom voice, data and Internet connectivity packages. "OnSite Access has become New York's leading provider of high-speed Internet and telecommunications services because we offer a win-win proposition to all participants," said Scott Jarus, president and COO (Cell Of Origin) See mobile positioning. of OnSite Access. "Building owners win because advanced communications-enabled buildings attract and retain tenants, and tenants benefit from inexpensive, turn-key, high-end voice, data and Internet services. We're very excited about this agreement with SL Green and working with a firm clearly committed to all of their buildings and tenants." "SL Green is known for its high quality properties and high quality services. This agreement with OnSite Access will bring the highest quality Internet and telecommunications services to our portfolio of buildings," said Gerard Nocera, executive vice president and director of leasing for SL Green. "Our consistent and strong relationships with our tenants have made SL Green a leader, and we are determined to maintain and strengthen these relationships." Under the terms of the agreement, OnSite Access will begin work immediately on the Graybar Building, a landmark property located above Grand Central Station at 420 Lexington Avenue. The Graybar project involves approximately 1.2 million square feet of commercial space serving 400 tenants. The bulk of the SL Green portfolio will be wired in the coming 12 months. "OnSite Access has been providing businesses with leading-edge Internet and telecommunications services for years, and the demand for advanced connectivity solutions is growing at an incredible pace," said Daren Hornig, OnSite Access' co-founder and executive vice president. "This agreement with SL Green to wire 16 major properties in New York shows that the market leaders are firms who are being responsive to this demand." OnSite Access is wiring more than one million square feet of office space each month in Manhattan alone. |
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