Terms and value of the contracts were not disclosed. Impark purportedly took the contracts away from another major parking lot operator whose identity was not disclosed in the company's prepared statement.
However, Downtown retailers tell GlobeSt.com on condition of anonymity Ampko System Parking of San Francisco may be the current operator. Officials at Impark and Ampko, a division of publicly traded AMB Industries Inc., couldn't be reached at GlobeSt.com's publication deadline to confirm that information.
Impark also plans to lease a Downtown office shortly to service the new contracts which kick in Aug. 1. The company expects to rent about 8,000 sf, parking industry sources familiar with Impark's previous new-office opening locations, tell GlobeSt.com.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
