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ONSITE ACCESS FORMS STRATEGIC ALLIANCE WITH INSIGNIA FINANCIAL GROUPNEW YORK, December 20, 1999- OnSite Access, a leading national provider of Building-Centric OnSite Access will contract with individual building owners of Insignia/ESG-managed and -leased properties to deliver cost-effective high speed data, Internet and digital voice and video services. Insignia/ESG is the largest manager of commercial property in California, and also manages large commercial portfolios in New York, Texas, Philadelphia, Chicago, Phoenix, Washington, D.C. and other markets. Insignia/ESG represents more than 230 million square feet of commercial property throughout the U.S. "Our alliance with Insignia/ESG gives us access to an impressive nationwide portfolio of office properties for delivering advanced communications products that are backed by our superior customer service," said Howard Taylor, chairman and chief executive officer of OnSite Access. "We're pleased to work with Insignia/ESG's management team - one of the most respected in the real estate industry - in their efforts to transform the properties they manage into 'smart buildings' equipped and ready for the next millennium." OnSite Access is deploying fiber optic, digital and broadband networks and offering a full suite of products and services in office buildings located in major cities throughout the United States, including the world famous Empire State Building in New York City. This infrastructure allows property owners of multi-tenant office buildings to take advantage of a value-added amenity and technology upgrade to their buildings, at no cost to them, and provides a unique marketing and leasing tool for attracting and retaining quality tenants. For the tenants of these buildings, OnSite Access offers one-stop shopping for advanced, competitively priced voice, data, Internet, and video communications services, bundled on a single invoice. "As a leading real estate services company, we want to develop strategic business alliances with companies that have nationwide capabilities and can satisfy the growing demands of property owners," said Andrew L. Farkas, chairman and chief executive officer of Insignia. "OnSite Access meets these demands by combining strong real estate and telecommunications experience to provide one of the most comprehensive integrated service packages available to tenants." "To date, OnSite Access has contracted to deliver integrated communications services to over 100 million square feet of commercial real estate," said Daren W. Hornig, executive vice president of real estate services for OnSite Access. "This alliance with Insignia/ESG significantly increases our already sizable market presence and allows us to reach more buildings and more customers." About Insignia Financial Group
About OnSite Access Headquartered in New York City, OnSite Access is currently serving or expanding into the Atlanta, Boston, Chicago, Dallas, Houston, Los Angeles, New York (including New Jersey and Connecticut), Philadelphia, San Francisco, and Washington D.C./Baltimore markets. For more information, please visit the company's Web site at www.onsiteaccess.com. |
integrated
communications services, today announced a nationwide strategic alliance with Insignia Financial Group, Inc.
(NYSE: IFS). According to terms of the agreement, OnSite Access will become one of the few preferred providers
of communications services to commercial properties managed by Insignia/ESG, Insignia's U.S. commercial real estate
services subsidiary.