Office Business Center Industry Leaders Create Preferred Office Network, LLC

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Largest network of independent office business center operators in the United States focused on multi-site clients. Initially covering almost half of the top-50 metropolitan areas in the United States and looking to expand with additional locations in 2011 and beyond.

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Multi-site organizations have needs that extend beyond those of local businesses and professionals, including the need for consistency, coverage, a single contract and a single point of contact.

Three of the leading operators of office business centers in the United States have announced they have funded a new venture, Preferred Office Network, LLC, to provide a single source for organizations needing office space and support services in multiple locations. With over 75 centers covering almost half of the top-50 metropolitan areas, Preferred Office Network is the largest network of independently owned business centers in the United States focused on the needs of multi-site national and international office space users.

The founding members are BusinesSuites, headquartered in Austin, Texas; Carr Workplaces, headquartered in Washington, D.C.; and Office Suites PLUS, headquartered in Lexington, Kentucky. Joseph D. Wallace, chief executive officer of Carr Workplaces, will serve as president of the new company. Mr. Wallace has over twenty-five years of experience in various facets of the real estate industry, including seven years in senior leadership at HQ Global Workplaces.

“Multi-site organizations have needs that extend beyond those of local businesses and professionals, including the need for consistency, coverage, a single contract and a single point of contact.” said Mr. Wallace. “We have designed an offering focused on the needs of multi-site clients, so they have a choice in fulfilling their short and flexible requirements in remote markets directly with a unified service provider.”

“We believe the time is right to bring together a group of like-minded operators focused on the needs of the corporate segment of our industry by offering them a better product,” said James C. Baughman, Jr., president of Office Suites PLUS. “The joining of these three companies to form a national network with this singular goal in mind signals a new era for our industry.”

“While the network will continue to expand as we independently grow our individual companies, we will also look to accelerate this growth by inviting other like-minded, high quality operators to join us beginning in early 2011,” said John G. Jordan, president of BusinesSuites.

With its more than 75 locations, Preferred Office Network is the largest network of independent office business center operators in the United States focused on the unique needs of multi-site clients, and will initially provide coverage in almost 25 metropolitan areas located in 16 states and the District of Columbia. This includes eight of the top-ten metropolitan areas in the United States, as well as 15 of the top-25 fastest growing markets.

About BusinesSuites
BusinesSuites is an award winning company recognized by Dell and the National Federation of Independent Businesses for customer service excellence and by Inc Magazine as one of the 5,000 fastest growing private companies in the United States. BusinesSuites provides executive suites and virtual office services in six markets in the United States. Each of its 16 locations provides professionals with turnkey office space, equipped with furniture, phone, internet, a receptionist, conference rooms, cafe with amenities, and office support. Since its founding in 1989, the company’s owners, Luci Baines Johnson, Ian J. Turpin and John G. Jordan have developed BusinesSuites into one of the country's leading executive suite operators. Additional information is available at http://www.businessuites.com.

About Carr Workplaces
Founded in 2003, Carr Workplaces is a privately-held Washington, D.C.-based provider of alternative workplace solutions. Its mission is to offer dynamic business environments and services to both independent professionals and organizations of all sizes that have small or rapidly changing workspace requirements. Created by Washington, D.C. business leader Oliver T. Carr, Jr., as a means to help small and entrepreneurial organizations overcome the barriers to obtaining professional workspace, Carr Workplaces' 24 locations serve more than 1,500 clients in eight states and the District of Columbia. Additional information is available at http://www.carrworkplaces.com.

About Office Suites PLUS
Office Suites PLUS was formed in 1998 to develop and operate a network of full-service office suites, consistently providing access to state-of-the-art communications and technology in a professional business environment. The Company was founded by Norwood Cowgill, Jr. and James C. Baughman, Jr., and currently operates over 35 locations in nine states. Office Suites PLUS provides fully furnished private and shared office space, virtual offices, meeting rooms and videoconferencing solutions. Its office suites can be viewed as a one-stop source for corporations and individual professionals seeking a flexible solution to traditional office space, a home office and/or existing support alternatives. Additional information is available at http://www.officesuitesplus.com.

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Emily Sandford
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