Zagster and Beacon Capital Partners Announce Multi-State, Multi-Property Bike-Sharing Partnership

CAMBRIDGE, MA and SEATTLE, WA--(Marketwired - Apr 13, 2016) - Zagster, the nation's leading provider of bike-sharing programs for the real estate industry, has partnered with Beacon Capital Partners, a preeminent real-estate investment firm with properties across the U.S., to bring bike sharing to landmark buildings in Seattle and Denver.

Beginning today, people who work at the Exchange Building in Seattle or the Wells Fargo Center in Denver will be able to reserve award-winning Zagster 8 bikes hourly or daily, giving them a convenient, healthy and fun way to get around their cities.

"We pride ourselves on transforming properties to make our offices distinctive as great places to work and visit, and bike sharing fits that goal," said McClure Kelly, Managing Director, Beacon Capital Partners. "As one of our amenities that support environmental sustainability, it also reinforces our focus on tenant value, experience and convenience."

Seattle's Exchange Building is a historic 22-story structure at the convergence of the city's Pioneer Square, waterfront and downtown business districts. Showcasing spectacular views of the Puget Sound, Olympic Mountains and downtown Seattle, the modern interior spaces lend a sleek aesthetic to this venerable building. The building's Art Deco architecture and original finishes have been exquisitely preserved, while upgraded building systems and amenities meet the demands of today's high-performance businesses.

In Denver, the Wells Fargo Center is a 52-story office tower commanding an iconic presence on the city skyline. The tower is known for its distinctive double-curved crown and its red granite and glass façade. Large, square windows frame spectacular views of the Mile High City and the Front Range of the Rocky Mountains.

Capital improvement programs at both buildings have transformed them into a Class-A properties through: modernization of their infrastructure; implementing a series of aesthetic upgrades; offering modern, sought-after amenities; and improving the buildings' sustainability. In addition to the bike offering, both the Exchange Building and Wells Fargo Center are also LEED® platinum certified for an existing building, the highest rating bestowed by the U.S. Green Building Council.

To reserve a bike via Zagster's Mobile App, riders simply enter the ID number of the bike they wish to use, and a unique access code for the bike's lock box is provided. Riders can use the code throughout their rental to lock and unlock the bike anywhere during a trip. Once the bike is returned to any Zagster station, the touch of a button ends the rental and releases the bike for the next rider. Riders can join by downloading the Zagster Mobile App, available for iPhone and Android, or online at http://zagster.com.

"Increasingly, key players in real estate are seeking to incorporate innovative transportation options to improve the quality of life of their tenants," said Timothy Ericson, co-founder and CEO of Zagster. "Zagster's turnkey system, our small and flexible footprint, and our straightforward user experience are great fits for developers seeking to provide state-of-the-art amenities."

Zagster is developing a national footprint of bike-sharing programs in partnership with real estate companies, businesses and universities, all of whom are looking to provide value-added services and benefits to residents, guests or area employees. Because Zagster manages all aspects of the bike-sharing program -- from bikes and technology, to maintenance and marketing -- Zagster partners can confidently deploy scalable bike-share infrastructure that best suits their locations and communities. Zagster provides more programs to more real estate companies than any other bike-sharing provider.

About Zagster

Founded in 2007 and headquartered in Cambridge, Mass., Zagster is the largest and fastest-growing bike-share provider in the United States. Zagster works directly with over 130 communities across North America to make scalable bike-sharing programs available in areas where traditional bike-share providers can't reach. The company's goal: To make the bike the most loved form of transportation. More information about Zagster and its programs can be found at www.zagster.com.

About Beacon Capital Partners

Beacon Capital Partners is a tenant-focused private real estate investment firm with a nearly 70-year legacy of successful real estate development, ownership and management. Beacon unlocks value by strategically investing in high-quality office properties in core urban markets with highly-educated workforces. Our hands-on approach transforms these properties for today's tenants, with innovative design, state-of-the-art connectivity, modern amenities, and award-winning sustainability and risk management initiatives. From Fortune 100 firms to the leading innovative and growth companies, our tenants are proud to call our distinctive workplaces home. 

Beacon has raised eight investment vehicles totaling over $12 billion in equity from a diverse investor group including leading endowments, foundations, public, private and foreign pension funds, financial institutions, and sovereign wealth funds. This equity capital has fueled 150 office investments, including joint venture partnerships, with a projected total value of approximately $30 billion.

For more information, visit www.beaconcapital.com.