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MERCHANDISE MART PROPERTIES, INC. NAMED MANAGER OF D&D BUILDING, NEW YORK

 CHICAGO, July 12 /PRNewswire/ -- Merchandise Mart Properties, Inc. (MMPI), today announced it has been appointed to serve as the management company for the Decoration & Design (D&D) Building, New York, by its owner, an affiliate of the Travelers Insurance Co., effective immediately.
 The D&D Building, located on Third Avenue between 58th and 59th Streets, is a world-renowned design center dedicated to residential furnishings, including furniture, and floor and wall coverings.
 MMPI earned the appointment because of its extensive design center management and marketing expertise. In its capacity as the management company, MMPI will oversee all D&D Building operations, including financial, leasing, marketing, human resources and general administration.
 Joseph E. Hakim, president of MMPI, said, "A major portion of MMPI's corporate mission is to provide the residential furnishings and design industries with a successful, cost-effective venue for product display and distribution. Combining the D&D Building with the Merchandise Mart and the Washington Design Center will allow us to make further strides in achieving that mission."
 John Richert, executive vice president/chief financial officer for MMPI, has been named general manager for the D&D Building. The leasing team for the building will be headed by John Brennen, MMPI executive vice president. Chris Kennedy, MMPI vice president of marketing, will be responsible for developing marketing programs to ensure that the D&D Building continues to be the primary design resource in the New York area.
 Merchandise Mart Properties, Inc., manages the Merchandise Mart and Merchandise Mart ExpoCenter(TM) in Chicago, the Chicago Apparel Center and the Washington Design Center and Washington Office Center in Washington, D.C.
 -0- 7/12/93
 /CONTACT: Laura Mercier, 312-527-7555, or Jennifer Woolford, 312-527-7550, both of MMPI/


CO: Merchandise Mart Properties, Inc. ST: Illinois, New York IN: SU:

GK -- NY082 -- 0596 07/12/93 17:03 EDT
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Publication:PR Newswire
Date:Jul 12, 1993
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