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Trammell Crow Company to Provide Wireless Communications Sites at Bank of America Retail Banking CentersLOS ANGELES --(Business Wire)-- Feb. 2, 2005 -- Unsightly cell phone towers may become a thing of the past, thanks to new wireless technology and a unique partnership between Bank of America and Trammell Crow Company (NYSE:TCC). Under the partnership, TCC's Wireless Solutions Group will make available to wireless providers approximately 3,500 Bank of America retail banking centers nationwide for installation of state-of-the-art stealth transmission sites. These site installations will be built to mimic existing features, such as flag poles and light standards. "Private building owners provide valuable space for the installation of 'stealthed' cell sites," said Jason Warner, Senior Vice President and head of TCC's Wireless Solutions Group. "We can merge state-of-the-art technology and design by creating wireless technology sites that resemble common elements already present in Bank of America's banking centers. We can even create them to resemble pine trees or palm trees, depending on the banking center's geographic location." In the past 18 months, wireless service subscriptions have grown nearly 15%, according to the Cellular Telecommunications & Internet Association's (CTIA) Semi-Annual Wireless Industry Survey released in November 2004. Inadequate wireless coverage has long challenged mobile operators, and wireless carriers have sought to address this issue via aggressive network expansions in select regions across the country, as sites become available on a public or private basis. Technology has advanced to the point that large, unsightly cell towers can be replaced with smaller installations that are concealed from view. Bank of America banking centers offer opportunities to apply this kind of technology, because many of them are located in densely populated areas that have high cell phone usage. As Curt Grantham, TCC's senior managing director and alliance director for the Bank of America relationship, notes, "By tapping into subject matter experts within our company who are outside of the account team, we are able to create new services and increase opportunities within the Bank of America portfolio." TCC's relationship with Bank of America extends back to 1993. It is one of the largest outsourcing partnerships in the real estate industry, with services including facility, project and transaction management services, lease administration, accounting, call center and mobile maintenance services encompassing 54.5 million square feet of the bank's portfolio nationwide. About Bank of America Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving 33 million consumer relationships with more than 5,800 retail banking offices, more than 16,500 ATMs and award-winning online banking with more than eleven million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 150 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 85 percent of the Global Fortune 500. Bank of America Corporation stock (NYSE:BAC) is listed on the New York Stock Exchange. About Trammell Crow Company: Founded in 1948, Trammell Crow Company is one of the largest diversified commercial real estate services companies in the United States. Through its Global Services Group, the company provides building management, brokerage and project management services to both investors in and users of commercial real estate. Development and investment services are provided through the company's Development and Investment Group. In addition to its full service offices located throughout the United States, the company has offices in Canada, Europe, Asia and Latin/South America focused on the delivery of real estate services to corporate customers. The company delivers brokerage services outside the United States through strategic alliances with leading providers - in Europe and Asia, through Savills, plc, a leading property services company based in the United Kingdom; and in Canada, through JJ Barnicke, a leading Canadian real estate services provider. Trammell Crow Company is traded on the New York Stock Exchange under the ticker symbol "TCC" and is located on the Internet at www.trammellcrow.com About TCC's Wireless Solutions Group The TCC Wireless Solutions Group provides both transaction and project management capabilities and manages the process with the wireless carriers from initial negotiations to final close-out of construction for the sites. A strategic wireless implementation plan could result in millions of dollars in revenue for corporations, educational institutions and other entities with owned properties. The WSG has already experienced success with the University of Southern California and the University of San Diego, having generated in excess of $10 million in combined revenue for the universities. |
