PRESS RELEASES

Friday, February 21, 2014
NEW BOSTON FUND’S ONE PARK SQUARE AT DORAL WINS BIG AT BOMA MIAMI’S 2014 ‘TOBY’ AWARDS

One Park Square wins “Office Property of the Year”; Flavia Eternod named “Property Manager of the Year.”

MIAMI, Fla. – February 21, 2014 – For the second consecutive year, One Park Square at Doral, New Boston Fund’s Class A office building in the heart of Doral, was recognized by the Building and Managers Association (BOMA) as one of the best-managed properties in Miami-Dade County. The 281,623 square foot office building was named “Office Building of the Year” among properties measuring between 250,000 and 500,000 square feet, while property manager Flavia Eternod took home the “Property Manager of the Year” award.

The announcement was made at the organization’s annual 2013 TOBY Awards (The Outstanding Building of the Year Awards), held at the Historic Alfred I. Dupont Building in Downtown Miami. BOMA’s TOBY Awards are among the most prestigious awards in the commercial real estate industry. The award criteria evaluates all aspects of a building, from operations and management, to community involvement and sustainability.

“One Park Square is a trophy asset within our portfolio, thanks in large part to the work that Flavia and her team are doing on the ground in Doral,” said Pamela Adamian, Vice President of Asset Management for New Boston. “As the building’s occupancy rises and our tenant mix becomes increasingly diverse, we’ll continue to look for ways to maximize service while streamlining costs. One Park Square is a case study in the areas of efficient management, strong tenant relations and leasing success.”

One Park Square is home to a tenant roster that includes Amadeus North America; VisitUs, the U.S. division of Spanish hotel chain Iberostar; American motorcycle manufacturer Harley-Davidson; import/export firm L’eudine Global; the organization that produces the Latin GRAMMY® Awards, the Latin Recording Academy®; and international computer distribution firm NovaTech.

Despite a rise in occupancy over the past year, Ms. Eternod and her team have managed to reduce costs through the implementation of innovative ideas that are cutting energy expenses. Strategies in efficiency include the installation of automated lighting in the building’s garage; timers on each floor which turn-off corridor lights after hours; and the implementation of other sustainable practices throughout the property.

The building has earned BOMA’s 360 Designation recognizing best practices in operations and management; security and safety; training and education; energy; environment and sustainability; and tenant relations. It has also received the EPA’s ENERGY STAR certification, which signifies that the building performs in the top 25 percent of similar facilities of its size nationwide.

One Park Square’s management team is also involved in the Doral community through projects with Make a Wish foundation, book fairs, and various tenant events that encourage the community’s participation. The building’s recent Thanksgiving event saw a turnout of more than 400 attendees.

Located at 3470 NW 82nd Avenue, One Park Square offers panoramic views and is the only building in Doral that offers an integrated garage and valet parking. On-site amenities include conference facilities, a fitness center for the exclusive use of tenants, Harvest Delights serving Mediterranean cuisine and Orlando Hair Salon & Spa. Flexible floor plates measure 38,846 square feet.

To learn more, please visit www.parksquareatdoral.com. For leasing information, contact Danet Linares or Andres del Corral of Blanca Commercial Real Estate at (305) 577-8850.

About One Park Square at Doral:
Owned by New Boston Fund, One Park Square at Doral is the commercial centerpiece of Park Square at Doral, a 51-acre mixed-use development that includes office, retail, hotel and multifamily residential properties. Located at 3470 NW 82nd Avenue, One Park Square at Doral offers immediate access to Miami’s world-class international airport and major thoroughfares, and is surrounded by numerous corporate headquarters and Fortune 500 companies. For more information, visit www.parksquareatdoral.com.

About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $3.5 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns. www.newbostonfund.com

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Solomon McCown & Company
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