Standard Parking Announces Combined Portfolio Contract Awards
CHICAGO, Jan. 29, 2013 (GLOBE NEWSWIRE) -- Standard Parking Corporation (Nasdaq:STAN), the nation's leading provider of parking management, ground transportation and other ancillary services, today announced various contract awards received following the merger of Standard Parking and Central Parking last October. The awards involve properties across the United States and include awards to various SP Plus® service lines and end markets, as well as to the Company's Central Parking subsidiary.
SP Plus® Office Services was awarded the management of the parking operations at nine office buildings across the country for Piedmont Real Estate Investment Trust. The properties include five office buildings in the Washington, D.C. metropolitan area, two properties in the Midwest and two on the West Coast. The Company commenced its management responsibilities at seven of the properties on Jan. 1, and will begin operations at the additional two properties Feb. 1. Included among the properties are Piedmont Pointe in Bethesda, Md., US Bancorp Center in Minneapolis and the Aon Center in Chicago.
The City of Scranton awarded SP Plus® Municipal Services a new on-street meter collection and enforcement contract effective Jan. 1. The project includes the financing and installation of Scranton's new on-street parking meters as well as their ongoing maintenance and repair. SP Plus® Municipal Services also will handle collection, meter enforcement and issuance of citations for the City's 1,095 on-street parking spaces.
SP Plus® Municipal Services also was selected by the City of Oxford, Miss. to provide on-street meter enforcement and citations for parking violations in the downtown area. The enforcement efforts will be supported by License Plate Recognition technology. In addition to ticket issuance, the Company will manage citation collection processing and first-level adjudication. SP Plus® Municipal Services commenced its duties under the on-street contract on Oct. 1.
Standard Parking recently expanded its services at the Horseshoe Casino, Cleveland with 24/7 shuttle service. The Company, which also provides valet and parking services to the property, began commuter shuttles between the Casino's Prospect Avenue entrance and the Collection Auto Center Garage on Oct. 15.
SP Plus® Security Services was selected to become a single-source provider for Solair ST Collections, a mixed-use retail and residential project in the heart of Los Angeles' Koreatown. Under the contract, the Company will provide security, light building maintenance and janitorial services to various portions of the property. Standard Parking currently provides parking management services at the project.
Central Parking was selected by Gates, Hudson & Associates, the largest asset manager in the Ballston area of Arlington, Va., to manage the parking operations at five of its Arlington locations, including the Westin Hotel. As part of its services, Central Parking will integrate the parking operations with its Focus Point remote management system to provide 24/7 customer service across the Gates, Hudson portfolio of properties. Central Parking commenced its duties under the management contract on Jan. 1.
Central Parking also was awarded a parking management contract for five Paradise Properties in downtown Denver. The parking locations serve local commuters and visitors to several downtown venues, including the Denver Convention Center and several core office buildings. Central Parking began its operations on Dec. 27.
Finally, Central Parking will begin valet service for The Manhattan at Times Square Hotel beginning Feb. 1. This 659-room, high-profile property is owned by Highgate Hotels, L.P., which owns or manages a diversified hotel portfolio across the U.S., Caribbean, Canada and Europe.
"These new wins by the combined organization are a credit to our team's focus, tenacity and professionalism, as our team kept its eye on the ball at the same time as our integration plans were being implemented," stated James A. Wilhelm, President and CEO. "The deals also reflect our team's hard work and pride in crafting effective solutions to meet our clients' needs in a wide range of disciplines."
About Standard Parking Corporation:
Standard Parking is a leading national provider of parking facility management, ground transportation and other ancillary services. Including Central Parking Corporation, its wholly-owned subsidiary, the Company has approximately 25,000 employees and manages more than 4,200 facilities with more than 2.2 million parking spaces in hundreds of cities across North America. The operations include parking-related and shuttle bus operations serving more than 75 airports. USA Parking System, a wholly-owned subsidiary of Central Parking, is one of the premier valet operators in the nation with more four and five diamond luxury properties, including hotels and resorts, than any other valet competitor.
Standard Parking: www.standardparking.com
Central Parking: www.centralparking.com
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