One Broadway Center Reaches 100% Occupancy, Major Office Building in Downtown Schenectady Fully Leased.

Metroplex Parking Permits up 476% Since 2004

June 18, 2009

Schenectady, N.Y. — Metroplex today joined with Omni Development Company, Inc. to announce that three new tenants have signed leases for more than 19,000 square feet of office space at One Broadway Center in downtown Schenectady. The 130,500 square foot Broadway Center Office Building, located directly behind Proctors, is now 100% leased. The new leases increase the number of monthly parking permits sold by Metroplex to an all-time high since the Authority assumed control of the downtown parking system in 2004.

Metroplex Chair Ray Gillen said, “We are pleased to assist Omni Development in their efforts to secure additional leases. This helps us increase the number of people working downtown. It also helps us to increase our parking revenues.”

The three new tenants include the Social Security Administration, Send Word Now and GTECH Corporation.

The Social Security Administration is relocating from Franklin Street where Northeast Parent and Child is turning the former Social Security office into youth employment training center. Send Word Now is an emergency notification company headquartered in New York City. Send Word Now has its operations center in Schenectady. The company is relocating from the OTB Building on State Street as part of a plan to completely renovate that building as part of downtown’s revitalization. GTECH is a gaming technology and service company headquartered in Providence, Rhode Island that is expanding operations at Broadway Center.

The new leases were brokered by Mark L. Aronowitz and Benji Fox of Omni Development Company, Inc.

Metroplex is providing 50 additional spaces in the Broadway Parking Garage as part of the deal. This brings monthly parking permits sold by Metroplex to a record high of 2,018 up from just 350 in 2004.

“We are pleased that One Broadway Center is now fully leased. This is just another example of the continued revitalization of downtown Schenectady and the value the Metroplex Development Authority has brought to the City,” said Mark L. Aronowitz of Omni Development Company, Inc.

Metroplex owns a parking garage and eight surface lots in the core of downtown. With the new parking leases for Broadway Center, Metroplex has now increased the number of paid monthly parking permits by 476% since 2004.

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