Sutton & Edwards Wins Property Management Contract from HRPT

HRPT, the real estate investment trust based in Newton, MA, has awarded a property management contract for its two Class-A Long Island office buildings to Sutton & Edwards Management LLC, of Lake Success, NY.

Lake Success, NY (PRWEB) April 9, 2005 -- Sutton & Edwards Management LLC today announced that it has been awarded a contract by HRPT/REIT Management & Research LLC to provide property management services for two Class A office buildings on Long Island.

The assignment includes:

    • The Pavilion, a 255,000-square-foot Class-A multi-tenant office building at 200 Old Country Road, Mineola, NY.

    • One Suffolk Square, a 68,000-square-foot Class-A multi-tenant office building on the southwest corner of the Long Island Expressway and Veterans Memorial Highway, Islandia, NY.

Don MacAvoy, Senior Managing Director of Sutton & Edwards Management, will oversee staffing, maintenance, up-keep, service agreements, tenant build-outs, capital improvements and the managing of budgets for both properties, said John Proscia, president of Sutton & Edwards Management LLC.

Sutton & Edwards Management is the property management services arm of Sutton & Edwards Inc./TCN Worldwide and oversees more than 4.3 million square feet of office, industrial, and retail space. Sutton & Edwards Management interfaces with all property functions alleviating a time consuming burden for its clients. By creating an accountability structure, Sutton & Edwards Management is delegated responsibility for maintaining cost-efficient building operations and strong tenant relations that maximize the return on the real estate asset.

Founded in 1962, Sutton & Edwards Inc./TCN Worldwide is Long Islands largest commercial real estate services firm. Headquartered in Lake Success, NY, the firm employs 47 real estate specialists providing integrated leasing, investment sales, property management and advisory solutions. To find out more about Sutton & Edwards, please call 1-516-328-6500, or visit the firm's web site at www.suttonandedwards.com.

HRPT is a real estate investment trust, or REIT, which primarily owns office buildings located throughout the United States. REIT Management & Research LLC is an advisor to the REIT. As of December 31, 2004, HRPT owns 375 properties with 44.2 million square feet, including almost 10 million square feet of commercial and industrial land in Oahu, HI. HRPT is headquartered in Newton, Massachusetts.

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