It fits snugly into the portfolio of Lynne M. Ward EVP of i.park Holdings LLC, who told the crowd that she banks on "anchor tenants, whether they are technology-based or not," as a safety net. "This way we avoid running into the question of what is going to happen tomorrow."
Ward warned, however, that the sector demands a strong marketing team. "It's two different languages," she stated. "And you'll need a team that includes telecom and back office people as well as a large legal effort." She noted that for the i.park project her firm worked on in Lake Success, NY, "we employed nearly the entire legal profession of Long Island." Paul Darrah Jr. of Bloomberg Financial News was also a panelist.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
