Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Empire State Building and ExteNet Systems Sign Agreement for Secure Reliable Wireless Coverage Up to the 102nd Floor

VOD

Skyscrapers in Manhattan typically offer spectacular views from high floors, but not always great wireless reception, which can be problematic in buildings higher than 20 stories. The Empire State Building, however, will soon be a notable exception, thanks to a new agreement with ExteNet Systems, Inc.

Per the agreement, ExteNet will design, own and operate the distributed wireless network that will enable reliable coverage for Verizon Wireless and Sprint customers from the ground floor up to the 102nd floor. Service is slated to go live in Spring 2014.

“Throughout our portfolio, our mandate is to offer our tenants the best technological solutions in a state-of-the-art business environment,” says Anthony Malkin, president of Malkin Holdings, L.L.C., which supervises the Empire State Building. “Our portfolio’s hallmarks are redundant broadband, energy efficiency, and fully modernized building systems. Many employees and executives simply don’t use hard-wired phones, and we see the ExteNet offering as central to our building’s turn-key capabilities.”

ExteNet President and CEO Ross W. Manire stated, “The Empire State Building is an American landmark and a prestigious Class A facility. We are excited to design, deploy and operate our next generation wireless network providing seamless mobility and reliable 3G and 4G LTE wireless service throughout the building, and it is our privilege to bring the leading wireless service providers onto our distributed network at the Empire State Building.”

“At Verizon Wireless, we believe in going to great heights to provide our customers with the best wireless experience possible. We’re looking forward to working with ExteNet and the Empire State Building team on this innovative project which will enhance our wireless network service in a building that is an American icon and international treasure. Upon completion, the Empire State Building will be one of the latest skyscrapers in Manhattan to have seamless mobile connectivity. We’re excited that Empire State Building tenants and our customers will soon experience the benefits of the nation’s largest 4G LTE network 102 floors above the ground,” said Patrick Devlin, regional president for Verizon Wireless.

According to Keith Dardis, regional vice president, Sprint, “We are looking forward to working with ExteNet to provide our enhanced 3G and 4G LTE to customers throughout the Empire State Building - even on the highest floors. With increasing smartphone usage and surging data demand, we are continually finding solutions to provide excellent wireless coverage inside high-rise and iconic buildings like the Empire State Building, in New York City and nationwide.”

About the Empire State Building

Soaring 1,454 feet above Midtown Manhattan, the Empire State Building is the World’s Most Famous Office Building. With new investments in energy-efficiency, building-wide infrastructure upgrades, public areas and amenities totaling more than $550 million, the Empire State Building has attracted and continues to attract corporate office tenants in a diverse array of industries from around the world.

The Empire State Building also has taken a leading role in sustainability, partnering with the Clinton Climate Initiative, Rocky Mountain Institute, Johnson Controls and Jones Lang LaSalle to develop an innovative process for a comprehensive energy efficiency retrofit program that will reduce the building’s total energy consumption by 38% and that has led the building to receive an Energy Star rating of 80, placing it in the top 20% in energy efficiency among all buildings measured under the Energy Star program. The energy retrofit program that contributed to the Energy Star designation was also an important element in receiving the LEED-EB Gold certification from the United States Green Building Council.

The $550 million Empire State ReBuilding program – planned and completed – includes a comprehensive restoration of the Art Deco lobby and ceiling, along with the creation of four dedicated tenant entrances, visitor desk and access control, messenger center, new restrooms, air-conditioned public corridors, brand-new Otis Destination Dispatch Control elevators, new marble elevator cabs, 6,500 windows rebuilt on site for greater energy efficiency, improvements to the building-wide mechanical and electrical systems, and improved security systems. Tenants also enjoy the benefits of a campus environment within the city, with banking, an AT&T store, several dining options, and (coming in 2013) a tenants-only fitness center and conference center, and a white-tablecloth restaurant with private rooms.

The flagship of the W&H Properties' Pre-War Trophy office portfolio, the Empire State Building is supervised by Malkin Holdings LLC, one of New York City’s most financially stable ownerships. High-end pre-built office suites from 4,000 to 6,500 square feet are available throughout the building, along with fully white-boxed partial and full floors ready for tenant build-out from 10,000 square feet, over 104,000 square feet of contiguous tower space available on floors 55 to 58, and 65,800 square feet of contiguous space available on floors 28 and 29. Broker commissions are paid in full at lease signing.

About Verizon Wireless

Verizon Wireless operates the nation’s largest 4G LTE network and largest, most reliable 3G network. The company serves 100.1 million retail customers, including 94.3 million retail postpaid customers. Headquartered in Basking Ridge, N.J., with more than 73,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit www.verizonwireless.com. For the latest news and updates about Verizon Wireless, visit our News Center at http://news.verizonwireless.com or follow us on Twitter at http://twitter.com/VZWNews.

About Sprint

Sprint offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint served more than 53 million customers at the end of the second quarter of 2013 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint as the most improved company in customer satisfaction, across all 47 industries, during the last five years. Newsweek ranked Sprint No. 3 in both its 2011 and 2012 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.

About ExteNet Systems

Lisle, IL-based ExteNet Systems, Inc. designs, builds, owns and operates distributed networks for use by wireless carriers and venue owners in key strategic markets. Using distributed antenna systems (DAS), small cells and other technologies, ExteNet deploys networks to enhance coverage and capacity and enable superior wireless service in both outdoor and indoor environments. Primary markets addressed by ExteNet include outdoor distributed networks in a variety of densely occupied or heavily traveled settings, and a host of indoor verticals, including sports and entertainment venues, commercial buildings, the hospitality industry, and healthcare facilities. For more information, visit www.extenetsystems.com.

“ExteNet®” is a registered trademark of ExteNet Systems, Inc.