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PT BLOG from Page 38


ly), he would have given her a pass, too. He was considerate, kind and helpful –


almost the antithesis of what we are told PEOs are. My guess is that he is more the rule than the exception. I tried to get his picture, but after the infamous “porn scan- dal” in LA, he was understandably camera shy.


This PEO, in those few minutes, did a


great PR job for parking and the city of LA. That’s what we need – more officers like this one. My fear, however, is that the “excep- tion” will show up, and in two grouchy sentences, erase all the good my friend did that day.


JVH You could have read these entries


when they were originally posted at Park- ing Today’s Blog – and commented, if you liked – by logging on to www.parkingto- day.com and clicking on “blog.” JVH updates the blog almost every day.


PT


Green Court Partners Buys Parking Spot from Pritzker


Green Courte Partners, LLC, a private equity investment firm targeting niche


real estate sectors, announced today the acquisition of The Parking Spot, one of the nation’s leading owner/operators of near-airport parking properties. The Company operates 17 high-quality parking properties (16 owned and one long-term leased), containing over 32,000 parking spaces, which serve 12 major airports including Atlanta Hartsfield (ATL), Los Angeles (LAX), Dallas Fort Worth (DFW), Houston George Bush Intercontinental (IAH) and Phoenix Sky Harbor (PHX). In addition, The Parking Spot manages another 24 parking facilities, containing over 35,000 parking spaces, serving an additional 12 major airports around the country. The current man- agement team led by Marty Nesbitt and Kevin Shrier, is staying in place Penny Pritzker, the Chairman of The Parking Spot prior to its sale, said, “Since


1998, when Marty Nesbitt first presented me with his business plan for The Parking Spot, we endeavored to build the best ‘near-airport’ parking owner/operator in the country and succeeded. We transformed what was once a humdrum routine – park- ing your car near the airport – into a branded, unique experience. With the sale to Green Courte, I look forward to watching The Parking Spot’s continued development as one of the nation’s most innovative parking owner/operators.” Commenting on the acquisition, Randy Rowe, Chairman of Green Courte, stated,


“We are extremely pleased that our third fund, Green Courte Real Estate Partners III, LLC and its affiliates, has completed the acquisition of The Parking Spot. Penny and Marty’s clarity of vision has given the company a dynamic operating platform. Part- nering with management, we plan to expand The Parking Spot’s highly-differentiat- ed, customer-oriented parking services to additional markets around the country, fill- ing in new markets with a combination of owned and leased properties as well as managed operations in smaller markets.”


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