Global Tower Partners Secures Master Development Agreements wit Four National Short Line and Regional Railroad Holding Companies
BOCA RATON, FL – January 12, 2012 – (RealEstateRama) — Global Tower Partners (GTP) announced today it has partnered with Regional Rail LLC, OmniTRAX, Patriot Rail Corp., and Morristown & Erie Railway Inc. over the course of the last several months, resulting in access to another 3,150 miles of operating railroad rights of way in 23 states. This brings the total amount of GTP-managed rights of way to over 25,000 route miles, resulting in the largest aggregation of railroad rights of way available for tower development and leasing in the United States.
“We are very excited to continue to grow our railroad property portfolio across the United States as another means of strengthening the wireless access and network quality available to our carriers,” said Robert G. Raville, GTP’s Vice President of Railroad Development. “The addition of further railroad rights of way to our portfolio continues to make GTP an ideal full-service tower resource for carriers,” added Raville.
GTP continues to grow its portfolio of railroad property through agreements with Class 1, regional and short-line operators. Since the inception of GTP’s Railroad Development Division last year, the tower company continues to construct and lease a significant pipeline of towers on railroad property. In September 2010, GTP acquired the wireless assets, income and attachments built on Norfolk Southern property from CitySwitch, LLC, including CitySwitch’s tower development and marketing agreements with Norfolk Southern Corporation.
About Global Tower Partners
Global Tower Partners (www.gtpsites.com), based in Boca Raton, Florida, is one of the leading providers of outsourced antenna site facilities to the wireless communications industry in the United States. GTP’s business includes the ownership, development, leasing and management of antenna sites on towers and commercial real estate rooftops. GTP owns, manages, or master leases more than 15,000 wireless sites. GTP’s customers are leading wireless communications providers including AT&T, Sprint-Nextel, Verizon Wireless, T-Mobile USA, Leap Wireless, Clearwire, US Cellular, Metro PCS, Claro and Telefonica.
