top

BUSINESSUITES ACQUIRES EXECUCENTRE FROM THE ROUSE COMPANY

Acquisition of four locations underscores commitment to growth. Austin, TX - (1/21/03) - BusinesSuites, the national operator of office business centers, announces its acquisition of the operations of ExecuCentre, LLC from The Rouse Company (NYSE:RSE). The addition of the four ExecuCentre locations in Maryland positions BusinesSuites as the largest office business center operator in Maryland. Having grown from six to fourteen locations between 2001 and 2002, the Company is also one of the fastest growing companies in the office business center industry with locations in Texas, Maryland, and Nevada.

"This acquisition supports our hub and spoke expansion strategy and allowed us to exceed our growth target for 2002," said Luci Baines Johnson, BusinesSuites' Chairman. "We entered the Baltimore market with the acquisition of a single location in early 2002. The addition of the four ExecuCentre locations creates a meaningful base for East Coast operations and expansion."

"We have had many suitors for the ExecuCentre business over the years," said Jody L. Clark, Vice President and Group Director, Property Operations for The Rouse Company. "BusinesSuites' stability, integrity, and track record gave us confidence that they could take the business to the next level and serve as a quality tenant in our properties."

The four acquired locations are all in office buildings owned by The Rouse Company: Harborplace Tower in downtown Baltimore, 30 Corporate Center and the RWD Building in Columbia's Town Center, and in the Corporate Center at Owings Mills. The identity of all four locations will be changed to BusinesSuites on January 31, 2003.

About BusinesSuites
Based in Austin, Texas, BusinesSuites provides clients with the Freedom to Succeed by offering a one-stop office solution with immediate access to full-service, furnished offices on terms ranging from one week to twelve months. Led by a team of experienced professionals who have successfully built businesses in this and other industries, BusinesSuites has developed into a national, growth-oriented owner and operator of quality office business centers offering exceptional service. Since its founding in 1989, the established reputations of the Company's owners, Ian J. Turpin and Luci Baines Johnson, assure clients of the finest office environment. BusinesSuites currently operates ten office business centers in Austin, Houston, Dallas, Las Vegas and Baltimore. The Company can be found online at www.businessuites.com.


 

Top of Page
Copyright 2000-2003.  All rights reserved.  InterData Access Corporation.
For information or comments, please email the webmaster@e-street.ws.