Rising Realty Partners Selects Equiem to Enhance Tenant Experience Across 1.3m Sq Ft in Los Angeles
NEW YORK - March 12, 2020
Los-Angeles based real estate investment and operating firm, Rising Realty Partners (“Rising”), has selected market-leading commercial tenant experience technology firm, Equiem, to launch its app across more than 1.3 million sq ft of Class-A commercial office space in Los Angeles, California.
One Cal Plaza and The CalEdison DTLA (“CalEdison”), owned and operated by Rising, are Equiem’s first client properties in California, and take the firm’s total footprint across the USA to over 13.5 million sq ft, following expansions across Texas and the Midwest late last year. Located on Downtown Los Angeles’ Bunker Hill, One Cal Plaza is a 42-story skyscraper comprising more than 1 million sq ft of Class-A office space. Situated in Downtown Los Angeles’ Financial District, the 14-story landmark historic office building, The CalEdison, comprises over 270,000 sq ft of Class-A commercial space. The art-deco building was constructed in 1931 and was one of the first all-electrically heated and cooled buildings in the United States.
Equiem will provide tenants across both buildings with seamless access to a wide variety of new services, events and experiences, as well as connecting them to all existing facilities, amenities and onsite retail, all through one app. Tenants will be able to order food and retail, book spaces and facilities, submit building requests, and sign up to fitness classes, events and offers, all with the touch of a button. Equiem’s app will be rolled-out across the two sites in April, with a series of launch events planned for both. Rising also intends to launch the Equiem app at several other locations over the next year.
Having assessed other providers, Rising cited Equiem’s experience and the sophistication of the firm’s tenant experience technology and services as one of the primary reasons for the selection. “Our company strives to bring social, technological and environmental impact to our tenants and our properties”, said Rising co-Founder and CEO, Chris Rising. “We had searched the market for a product that would enhance our ability to conveniently offer more services to our tenants and hadn’t yet come across the level of sophistication and impact that Equiem’s technology and Engage Services can provide. The launches will empower our teams to deliver an outstanding offer to tenants and elevate the level of tenant experience we are able to provide.”
Worldwide, Equiem’s technology is used by over 170,000 people occupying 60 million sq ft of commercial real estate, and serves more corporate tenants than any other provider. The firm launched the latest iteration of its platform, Equiem NEXT, last summer and has since added a range of new features for its clients. These include Deals, which allows vendors to offer redeemable promotions via the Equiem App; Bookings, a complete end-to-end platform for arranging and monetizing bookable services, events, classes and more; and an upgrade to Equiem’s meeting space management platform.
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Richard Morell, EVP of Business Development for Equiem, said:
“Rising has built an excellent reputation for a tenant-first approach to delivering commercial real estate and we are delighted to be partnering with them across these two superb sites. Our app will support Rising in creating an unrivalled, engaging and convenient workplace experience for all occupiers by supercharging the existing onsite offer and delivering a host of exciting new services too. We are therefore hugely excited for the launches, as well as to expand our presence into California and further cement our reputation as the go-to provider in the US tenant experience technology market.”