STANDARD PARKING TO OPERATE ARCO PLAZA PARKING
CHICAGO, June 18, 2003 – Standard Parking Corporation, one of the nation’s largest parking management services companies, has been selected by Thomas Properties Group to manage the parking operations for ARCO Plaza, which includes the towers located at 515 South Flower Street and the J-2 Garage located at 400 South Flower Street in Los Angeles, California. The locations include 2.7 million square feet of commercial office and retail space, and over 2,800 parking spaces.
With the ARCO Plaza award, Standard Parking now operates over 400 parking facilities in the Los Angeles market, representing over 100,000 parking spaces. “Being selected by the Thomas Properties Group to manage these locations underscores the superior value that Standard Parking provides to Class A properties throughout California and the United States,” said Richard Wilson, Senior Vice President for Standard Parking. “Through high-quality operations and creative revenue improvement practices, Standard Parking has emerged as the manager of choice for complex parking operations,” Wilson concluded.Standard Parking has approximately 11,900 employees nationwide and manages parking facilities in over 270 cities spanning 43 states and four Canadian provinces.
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