BOCA RATON, FL – August 2, 2011 – (RealEstateRama) — Global Tower Partners (GTP) today announced that they have closed on 37 NV Energy (NVE) commercial telecommunications towers located on NVE substation properties in and around Las Vegas, Nevada.
“We are excited to transact with NVE and further our relationship moving forward as owners and operators of towers on their substation properties,” said Marc C. Ganzi, Chief Executive Officer, Global Tower Partners. “The NVE professionals have built a great portfolio of tower assets and we feel we are well suited to further capitalize on these unique towers given our long-standing experience developing and operating towers on utility-owned real estate.”
GTP is the leading telecommunications infrastructure provider on utility-owned real estate and this transaction is GTP’s most recent in the utility sector, having previously completed multiple transactions with Duke Energy and Progress Energy.
Terms of the Transaction remain confidential between the parties.
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 13,000 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, and Metro PCS.