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FOR IMMEDIATE RELEASE
September 22, 2006
Premier Business Centers Develops Two New
Executive Suite Centers in San Francisco and Orange,
CA - Total Lease Value $3.9 Million
Irvine, California based Premier Office Centers,
LLC dba Premier Business Centers (www.pbcenters.com)
has executed leases for two new executive office
centers in Orange, California and San Francisco,
California with a combined lease value of $3.9 million.
The two separate transactions totaled more than
27,000 rentable square feet and will add more than
90 rentable offices to Premier Business Centers'
portfolio. The two new locations were developed
from scratch by Premier Business Centers and are
both now open.
One center consisting of 13,540 square feet and
50 offices opened in July and is located on the
24th floor at 101 California Street Building, in
the heart of San Francisco's Financial District.
"We were very excited to have the opportunity
to open an executive suite, in what is one of the
most prestigious class A high rise buildings in
the Financial District. This is a top notch executive
suite and virtually every window office has a beautiful
water view due to the shape of the building",
commented Jeff Reinstein, Chief Executive Officer
of Premier Business Centers. Building amenities
include car wash and shoeshine service, valet service
for dry cleaning, overnight laundry and alteration
service, cable television service, newsstand/sundry
store. 3 restaurants: The Atrium, Suisse Italia,
and Palapas. The property is located one block from
the Embarcadero Center and numerous restaurants,
access to two BART stations, one block from the
East Bay transit terminal and cable car access on
the California Street side of the building. 101
California Street was a 2001, 2002, and 2003 recipient
of EPA's ENERGY STAR Partner and also the EPA's
Sustained Excellence in Energy Management award
in 2004. In 1989-1990, it was the winner of a BOMA
"Building of the Year" award for buildings
larger than 500,000 square feet. Robert L. Rush,
President of Newport Beach based US Realty Group,
Inc. represented Premier Business Centers and Meade
N. Boutwell, Senior Vice President, of CB Richard
Ellis represent Merrill Lynch in the sublease.
A second new center consisting of 13,193 square
feet and 42 offices opened in September and is located
on the 11th floor of 500 North State College Boulevard,
in the heart of the Anaheim Stadium Area Submarket
in the City of Orange, CA. The offices have outstanding
views of the Saddleback, San Gabriel and San Bernardino
mountains, as well as Edison International Field
of Anaheim, Disneyland's Matterhorn and the Crystal
Cathedral. Mr. Reinstein said that, "Over the
past few years we have had significant demand for
executive office space in the northern part of Orange
County. This new center in Orange will allow us
to fulfill that demand in a beautiful class A high
rise building with excellent freeway access and
numerous nearby amenities." The office complex
sits between North State College Boulevard, Orangewood
Avenue and Interstate 5. The building received the
1999/2000 International TOBY Award and BOMA's International
2000 EPA Energy Star Award. It's many amenities
include the Hilton Suites Hotel, National Bar &
Grill, Orange Tower Care Auto Detailing, Concierge
Service, Mobile oil change service, mobile dry cleaning
service, ATM. Robert L. Rush, President of US Realty
Group, Inc. represented Premier Business Centers
and Ted Simpson and Greg Tippin of Cushman &
Wakefield represented the law firm of Morris, Polich
& Purdy, LLP in the sublease.
Premier Business Centers (www.pbcenters.com), is
a wholly owned subsidiary of The Bascom Group, LLC
(www.bascomgroup.com) and currently operates the
second largest executive suite operation in the
United States with forty three locations in California,
Washington, and Texas. Premier Business Centers
plans to continue to acquire and develop additional
executive suite centers throughout the United States
as opportunities arise. Premier Business Centers
is a full service executive suite operator and provides
businesses with professionally staffed office space
along with a variety of services including: administrative/secretarial
service, T1 high speed internet access, telephone
service, furniture, information technology services/consulting
and conference rooms on a full or part time basis.
For additional information regarding these transactions,
please contact:
Jeffrey Reinstein
Chief Executive Officer
Premier Business Centers
2102 Business Center Drive
Irvine, CA
949.253.4147 Voice
949.253.4148 Fax
jeff@pbcenters.com
www.pbcenters.com
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For More Information Call
1-877-MY-SUITE
(877-697-8483)
Copyright © 2003 - Premier Business Centers. All rights reserved.
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