CLEVELAND, OH, Aug. 10, 2009 /PRNewswire-FirstCall/ -- Forest City Enterprises, Inc. (NYSE:FCEA)(NYSE:and)(NYSE:FCEB) today announced major tenant signings in the Company's Pittsburgh-area office properties.Direct Energy Business will make Liberty Center (top right photo) its new headquarters and has signed a lease for approximately 52,300 square feet of space.
Direct Energy Business, a Direct Energy company, is one of North America's largest commercial retail energy suppliers.
Liberty Center is a 526,000-square-foot complex adjacent to the Pittsburgh Convention Center and incorporates the 616-room Westin Convention Center Hotel and the 27-story Federated Investors office tower.
Yellow Submarine Marketing Communications, Inc., a consumer, entertainment and retail ad agency, has signed a lease for approximately 13,100 square feet of space in the Bessemer Court building at the Station Square mixed-use development.
Station Square is a historic redevelopment area along 1.2 miles of Pittsburgh's riverfront and includes office, hotel, retail, entertainment and hospitality components.In addition, the Company also has re-signed another existing tenant to space in the Commerce Court office building at Station Square.
"We're honored to welcome these new and renewing tenants to our Pittsburgh-area properties," said Charles A. Ratner, (bottom left photo) Forest City president and chief executive officer.
"These signings reflect the vitality of the Pittsburgh market as well as the quality of our area properties. They also are further evidence of the strength of our office portfolio nationwide, which continues to perform well, even under current economic and market conditions."
CONTACT:
Robert O'Brien, Executive Vice President - Chief FinancialOfficer, +1-216-621-6060,
Tom Kmiecik , Assistant Treasurer, +1-216-621-6060,or
Jeff Linton, Vice President - Corporate Communication, +1-216-621-6060, all of Forest City Enterprises, Inc.
Web Site: http://www.forestcity.net/
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