Stonewater Extends Verizon Wireless Lease at Suburban Chicago Facility

Chicago, IL, January 05, 2007 --( Stonewater Partners announced today that it has extended a Verizon Wireless lease for the entire 127,280 square foot Class-A office building in Chicago, IL located at 777 Big Timber Road. 

Commenting on the transaction, Jeffrey Toporek, a Stonewater principal, stated, "We are excited that Verizon Wireless has extended its commitment to the facility through 2011, demonstrating the mission-critical nature of this facility to the Company.” 

David Stade, also a Stonewater principal, added “The transaction demonstrates Stonewater’s ability to reposition short-term, single-tenant leases, one of our core business strategies.” 

Stonewater Partners is a real estate investment firm focused on identifying niche opportunities in the capital markets. The company has closed on or is in the process of purchasing 2.8 million square feet of office, industrial, retail and hotel properties across the country.

For further information:

Jeffrey Toporek
White Plains, NY
Tel: (914) 285-3700

David Stade
Los Angeles, CA
Tel: (310) 209-0500

Stonewater Partners, Inc.
Jeffrey Toporek