20 New RE Firms Sign on for Elevator News

WESTFORD, MA-Talk about your captive audiences. Locally based Captivate Network Inc., which provides media content and advertising to elevators via wireless Internet, has signed 10-year exclusive deals with nearly 20 real estate companies. Under the terms of the deals, Captivate will provide live news and advertising in the elevators of 75 of their class A office towers and hotels nationwide. The firm now has some 500 buildings under contract–more than 1,000 elevators.

The owners newly signed are: Adams Property; Amtrust Realty; Charles Hotel; Crown Properties; DL Saunders Real Estate LLC; the Durst Organization; Fleet Bank; Jones Lang LaSalle; M&J Wilkow; Media Technology Centers; MIT; the Moinian Group; Morgan Stanley Dean Witter; OFS Realty; Rose Associates; Trammel Crow Co.; UBS Brinson and Walton Street Capital. The properties that will be wired as a result of the deals are located in: Boston, Chicago, New York, Phoenix, Pittsburgh, San Francisco, Seattle, Tampa and Washington DC.