(didn't see that, but expect consolidation) <A> Winstar to Provide Pacific Gulf Properties With Advanced Broadband Telecommunications Services: Services Offered in 347 Pacific Gulf Buildings Throughout
the Western U.S.
biz.yahoo.com
NEW YORK--(BUSINESS WIRE)--Jan. 19, 2000--WINSTAR
COMMUNICATIONS, INC. (NASDAQ: WCII - news) today announced that its
advanced, high-speed communications capabilities will be made available, on a
non-exclusive basis, in the buildings owned by Pacific Gulf Properties Inc. (NYSE:
PAG - news), a self-administered and self-managed equity real estate investment
trust (REIT) which owns, operates, leases, acquires, rehabilitates and develops
commercial properties in the Western United States.
Under the terms of the agreement, Winstar is permitted to offer its fixed wireless
broadband communications services, including high-speed Internet and data,
Web-based information and local and long distance services, to the 347 buildings
comprising approximately 10.9 million square feet in Pacific Gulf's extensive
portfolio. Pacific Gulf owns and operates buildings in such Winstar markets as Los
Angeles, San Diego, Seattle, Portland and Orange County, CA. Apex Site
Management, Inc., a division of SpectraSite Holdings, Inc., represented Pacific Gulf
in this agreement.
''With the recent advances in telecommunications and broadband technology,
tenants are demanding only the highest-quality services on the market,'' said Robert
Dewey, senior vice president of Pacific Gulf Properties. ''Winstar gives our tenants
reliable, state-of-the-art broadband services that keep pace with their needs and
improve the marketability of our properties.''
''Winstar's broadband services add substantial value to a building and provide
commercial tenants with the very best in advanced telecommunications technology,''
said Rick Uhl, group executive and chief financial officer of Winstar. ''We are
pleased to be working with Pacific Gulf to provide its customers with fast and
reliable end-to-end broadband connections.''
Winstar works with commercial building owners and managers to provide tenants
with a wide range of e-business solutions - including data, voice,
videoconferencing, Web hosting and applications services - through its national
broadband network.
About Pacific Gulf
Pacific Gulf Properties Inc. is a real estate investment trust (REIT) that owns,
develops and manages a growing portfolio of industrial properties targeting small to
mid-size tenants in selected high-growth western markets. The Company's industrial
portfolio is comprised of 74 properties encompassing more than 15.4 million square
feet of space. Pacific Gulf also maintains a smaller multifamily portfolio that
includes eight rental communities comprising almost 1,500 units, designed for the
burgeoning population of active seniors age 55 and older. The company is
headquartered in Newport Beach, California.
About Apex
Apex Site Management, Inc., a division of SpectraSite Holdings, Inc. is a full
service real estate management and consulting company that specializes in
negotiating telecommunication access agreements between property owners and
telecommunications companies. SpectraSite, a leading owner and operator of sites
for the wireless telecommunications and broadcast industries, owns nearly 2,800
towers and manages 12,000 rooftop sites in 45 of the top 50 population centers in
the United States. Additional information regarding Apex can be found at
www.apexsite.com. Additional information regarding SpectraSite can be found at
www.SpectraSite.com.
About Winstar
Winstar Communications, Inc. (www.winstar.com) helps companies around the
globe engage in Frictionless Business(sm) through the use of seamless
communications and technology. Winstar provides its customers with a
comprehensive set of high-quality, digital-age broadband communications services,
including high-speed Internet access and data transport, Web hosting, Web-based
information and local and long distance services.
Winstar offers its services in more than 70 markets throughout the U.S. and in
Europe, Asia and South America. It is the largest holder of broadband fixed
wireless spectrum, with licenses in the top 60 U.S. markets and in 10 international
markets. Winstar's broadband fixed wireless capabilities complement and extend
the reach of its extensive fiber network. The company's long-haul fiber network,
which supports IP (Internet Protocol), ATM (Asynchronous Transfer Mode) and
frame relay, will extend more than 16,000 route miles and connect the top 60 U.S.
markets. Winstar's intracity fiber network will consist of nearly 6,000 route miles in
over 60 major domestic and international markets.
Winstar's Tier 1 Internet backbone and enhanced Web service offerings, including
Web hosting and design, make Winstar one of the largest Internet companies in the
U.S. The company's innovative applications enable businesses to take advantage of
the new Internet economy. In 1999, the company launched Office.com, A Service
From Winstar(sm), (www.office.com) the new online business service for small
and medium-sized businesses. Office.com was ranked first overall among Online
Business Centers by Cahners In-Stat Group. |
